If the MPC = 0

question 59

Multiple Choice

If the MPC = 0.80,the total change in spending resulting from an initial $500 decrease in aggregate spending will be

• A)$300.
• B)$800.
• C)$2500.
• D)$833.

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Definitions:

Blind Test

A type of experiment or evaluation where information about the test, such as the identity of the subjects or the product being tested, is withheld from participants to eliminate bias.

Economic Utility

The value or benefit a consumer receives from using a product or service, contributing to their overall satisfaction.

Job Candidate

An individual applying for or being considered for employment in a specific position within a company.

Reliability

The level at which a measurement instrument yields reliable and steady outcomes consistently.