The marginal propensity to import is the ________ that is spent on imports.
A) fraction of an increase in real GDP
B) total amount of real GDP
C) total amount of potential GDP
D) fraction of an increase in potential GDP
Correct Answer:
Verified
Q142: As a nation's GDP increases, that nation's
A)
Q143: Since 1970, U.S. consumption function has generally
Q144: Induced expenditure includes
A) induced consumption expenditure and
Q145: The part of aggregate planned expenditure that
Q146: The slope of the aggregate expenditure curve
Q148: Consumption expenditure decreases when _ decreases.
A) the
Q149: The U.S. consumption function
A) has shifted upward
Q150: The slope of the aggregate expenditure curve
Q151: The sum of the components of aggregate
Q152: Aggregate expenditure equals
A) C + I +
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