Suppose the consumption equation is represented by the following: C = 250 + .8YD.The multiplier for the above economy equals
A) 2)
B) 3)
C) 4)
D) 5)
E) none of the above
Correct Answer:
Verified
Q11: Let the consumption function be represented by
Q12: Suppose the consumption equation is 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
Q17: An economy is in equilibrium when which
Q18: Equilibrium in the goods market requires that
A)production
Q19: Which of the following is true for
Q20: Which of the following types of government
Q21: Autonomous spending in a closed economy equals
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