If the simple spending multiplier is 8, the marginal propensity to consume (MPC) is _____
A) 1/8.
B) 1/4.
C) 4/5.
D) 7/8.
E) 8.
Correct Answer:
Verified
Q105: The smaller the marginal propensity to save,other
Q107: The smaller the marginal propensity to save,other
Q113: If the marginal propensity to save (MPS)is
Q116: Which of the following is true of
Q118: The smaller the marginal propensity to save,other
Q150: If the marginal propensity to consume (MPC)
Q151: If the marginal propensity to consume (MPC)
Q156: What is the formula for the simple
Q157: If the marginal propensity to consume (MPC)
Q160: If the marginal propensity to consume (MPC)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents