Consider a Simple Macro Model with a Constant Price Level

question 58

Multiple Choice

Consider a simple macro model with a constant price level and demand- determined output. Using this model, if economists want to estimate the effect of a given change in desired investment on equilibrium national income, they would multiply the change in desired investment by the

• A)marginal propensity to save.
• B)equilibrium level of national income.
• C)reciprocal of the marginal propensity to spend.
• D)simple multiplier.
• E)average propensity to save.

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