If the marginal propensity to consume is 3/4,the simple multiplier is
A) 3
B) 7
C) 4
D) 25
E) 3/10
Correct Answer:
Verified
Q74: Exhibit 9-9 Q75: If autonomous investment decreases by $60 Q76: Suppose that planned investment increases by $200 Q77: Increases in the marginal propensity to consume,other Q78: Suppose that planned autonomous investment increases by Q80: Other things being equal,a decrease in an Q81: Which of the following is true concerning Q82: What is the effect of an increase Q83: The aggregate demand curve illustrates a relationship Q84: Suppose that the multiplier is 4,autonomous investment
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