Solved

If the Level of Autonomous Spending Is $6000 Billion, the Marginal

Question 75

Multiple Choice

If the level of autonomous spending is $6000 billion, the marginal propensity to expend is .4, and the level of national income is $10000, planned expenditures would be equal to


A) $10000 billion and inventory accumulation would equal $0 billion.
B) $12000 billion and inventory accumulation would equal -$2000 billion.
C) $12000 billion and inventory accumulation would equal $2000 billion.
D) $15000 billion and inventory accumulation would equal $5000 billion.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents