Multiple Choice
If the marginal propensity to consume is 0.75 and marginal propensity to import is 0.15, then the multiplier in an open economy is:
A) 4.
B) 10.
C) 8.3.
D) 2.5.
Correct Answer:
Verified
Related Questions
Q74: An increase in the price level will
Q75: Recall Application 3, "John Maynard Keynes: A
Q76: Recall Application 2, "Using Long-Term Macro Data
Q77: If the tax multiplier is - 6
Q78: Q80: Recall Application 2, "Using Long-Term Macro Data Q81: Q82: If consumption is $25,000 when income is Q83: The output level where planned expenditures equals Q84: 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
