Suppose the consumption equation is represented by the following: C = 250 + .75YD.The multiplier in this economy is
A) .25.
B) .75.
C) 1.
D) 4.
E) 5.
Correct Answer:
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Q7: Suppose the consumption equation is represented by
Q8: For the U.S.economy,which of the following represents
Q9: The marginal propensity to consume represents
A)the level
Q10: Disposable income equals
A)income minus saving.
B)income minus both
Q11: Let the consumption function be represented by
Q13: Which of the following is an exogenous
Q14: Suppose the consumption equation is represented by
Q15: Which of the following represents total saving
Q16: Suppose the consumption equation is represented by
Q17: An economy is in equilibrium when which
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