The following table illustrates the multiplier process in a private closed economy:
Refer to the above table.The total change in consumption resulting from the initial change in investment will be:
A) $100
B) $96
C) $180
D) $80
Correct Answer:
Verified
Q40: If the marginal propensity to consume is
Q171: The simple multiplier is:
A)1/APS.
B)1/APC.
C)1/MPC.
D)1/MPS.
Q172: The simple multiplier is:
A)1/MPC.
B)1/(1 + MPC).
C)1/MPS.
D)1/(1 -
Q173: Q174: If the MPS is only half as Q175: If the marginal propensity to save is Q177: If the MPC is .70 and gross![]()
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