The above figure shows the saving schedules for economies 1, 2, 3, and 4.Which economy has the highest marginal propensity to consume?
A) 1
B) 2
C) 3
D) 4
Correct Answer:
Verified
Q40: If the marginal propensity to consume is
Q148: The numerical value of the multiplier will
Q173: Q174: If the MPS is only half as Q175: If the marginal propensity to save is Q176: The following table illustrates the multiplier process Q177: If the MPC is .70 and gross Q179: The increase in income which results from Q180: Suppose that the level of GDP increased Q182: The simple multiplier applies:
A)only when an inflationary
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