If the MPC = 0

question 90

Multiple Choice

If the MPC = 0.60,the total change in spending resulting from an initial $500 decrease in aggregate spending will be

• A)$300.
• B)$800.
• C)$1,250.
• D)$833.

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Definitions:

Zero Standard Deviation

A statistical measure indicating that all values within a data set are identical; there is no variability.

Average Temperature

The mean value of temperature taken over a specified period of time.

Standard Deviation

A statistical measure that quantifies the variation or dispersion of a set of data points or values from their mean (average).

Expected Value

The weighted average of all possible values of a random variable, with weights being their probabilities.