Given the MPS = 0

question 47

Multiple Choice

Given the MPS = 0.40,with no government and no foreign trade,a $10 billion increase in investment will eventually result in an increase in

• A)Consumption by $40 billion.
• B)Total spending by $15 billion.
• C)Consumption by $15 billion.
• D)Total spending by $2.5 billion.

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Definitions:

Upward Convergence

The process whereby individuals adjust their behavior, attitudes, or beliefs towards a perceived higher standard or norm.

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Basic Emotions

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