Suppose Aggregate Output Is Demand-Determined

question 37

Multiple Choice

Suppose aggregate output is demand-determined.Suppose a decrease in autonomous investment expenditure of $20 million reduces equilibrium national income by $50 million.The marginal propensity to spend is equal to

• A)-0.6.
• B)0.4.
• C)0.6.
• D)2.5.
• E)-2.5.

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Definitions:

Funeral Rite

Ceremonies and rituals conducted to honor and commemorate a person who has died, varying widely among different cultures and religions.

Community Meetings

Gatherings of members of a community to discuss matters of common concern, share information, and make decisions on community issues.

Funeral Director

A professional who arranges and conducts the activities involved in a funeral service, including preparation of the body, and advising families on funeral planning.

Mortician

A professional involved in the preparation of bodies for burial or cremation, often overseeing funeral arrangements and services.