Do economists know the value of the MPC for most economies?
A)Yes, with a high level of precision.
B)Yes, with a certainty level of four decimal places.
C)No, it is impossible to determine a national MPC.
D)Yes, but with some level of uncertainty.

Question

Quizplus · Accepted Answer

While economists can estimate the range of the MPC for an economy, there is some level of uncertainty involved as it is subject to change based on various economic conditions and factors. Therefore, the best choice is D - Yes, but with some level of uncertainty.

Do Economists Know the Value of the MPC for Most