If the Marginal Propensity to Save Is 0

question 17

Multiple Choice

If the marginal propensity to save is 0.3 and the marginal propensity to import is 0.2, then value of the simple spending multiplier is:

• A)2.0.
• B)0.5.
• C)1.5.
• D)0.1.

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Definitions:

Conscientiousness

A characteristic of personality defined by being well-organized, reliable, and having a profound sense of responsibility.

Job Performance

Job performance refers to the effectiveness and efficiency with which an employee completes their work tasks and meets the objectives and expectations of their role.

Big Five

The Big Five is a model that outlines five broad dimensions of personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Nomothetic Approach

The nomothetic approach in psychology aims to establish general laws and principles that apply to all individuals, often by studying large groups and using statistical analyses.