If the Marginal Propensity to Consume Is 0

question 60

Multiple Choice

If the marginal propensity to consume is 0.8 and there are no income taxes or imports, the multiplier for a change in autonomous expenditure equals

• A)1.0.
• B)4.0.
• C)5.0.
• D)0.8.

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Definitions:

Medical Record

A comprehensive document containing a patient's medical history and personal information.

Objective Statement

A concise and clear declaration of the goals or intent, often seen at the beginning of resumes.

Heart Rate

The number of heartbeats per unit of time, usually measured in beats per minute (bpm), indicating the rate at which the heart is working.

Elevated

A term often used to describe an increase or higher level of something, such as elevated body temperature, suggesting a fever or infection.