If the Multiplier Is 4 and There Are No Imports

question 4

Multiple Choice

If the multiplier is 4 and there are no imports or income taxes, the marginal propensity to consume is

• A) 0.75.
• B) 1.00.
• C) 0.25.
• D) 0.50.

Distinguish between general equilibrium and partial equilibrium analysis and their respective applications.

Calculate and interpret the equilibrium price and quantity in markets with complement or substitute goods.

Identify efficient allocations of goods in exchange economies using the Edgeworth box and contract curve.

Understand the role and impact of substitutes and complements in consumer consumption patterns.

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