In general, the steeper the consumption schedule, the
A) smaller is the marginal propensity to consume.
B) greater is the marginal propensity to save.
C) smaller is the multiplier.
D) larger is the multiplier.
Correct Answer:
Verified
Q183: Assume that MPS is 0.4.If spending increases
Q184: The change in real GDP resulting from
Q185: If the MPC is 0.8, what change
Q186: Generally speaking, the greater the MPS, the
A)smaller
Q187: The simple multiplier 1/MPS
A)understates the actual multiplier
Q189: Which statement about the multiplier is correct?
A)If
Q190: If households in the economy save more
Q191: The value of the multiplier is likely
Q192: If, in an economy, a $200 billion
Q193: There are only two things that people
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