Refer to the information provided in Figure 23.11 below to answer the question(s) that follow. Figure 23.11
-Refer to Figure 23.11. If MPC increases to 0.8, equilibrium aggregate output
A) increases to $250 million.
B) remains at $200 million.
C) increases to $400 million.
D) cannot be determined from the given information.

Question

Refer to the information provided in Figure 23.11 below to answer the question(s) that follow.  Figure 23.11
-Refer to Figure 23.11. If MPC increases to 0.8, equilibrium aggregate output
A) increases to $250 million. 
B) remains at $200 million. 
C) increases to $400 million. 
D) cannot be determined from the given information.

Quizplus · Accepted Answer

The Answer of Refer to the information provided in Figure 23.11 below to answer the question(s) that follow.  Figure 23.11
-Refer to Figure 23.11. If MPC increases to 0.8, equilibrium aggregate output
A) increases to $250 million. 
B) remains at $200 million. 
C) increases to $400 million. 
D) cannot be determined from the given information.

Refer to the Information Provided in Figure 23