Assume the MPC Is 2/3

question 167

Multiple Choice

Assume the MPC is 2/3. If investment spending increases by $2 billion, the level of GDP will increase by

• A) $3 billion.
• B) $2/3 billion.
• C) $6 billion.
• D) $2 billion.

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Definitions:

Eschar

A dry, dark scab or falling away of dead skin, typically occurring on a wound or burn site as it heals.

Pressure Injury

Damage to the skin and underlying tissue resulting from prolonged pressure on the skin, commonly known as a bed sore.

Coccyx

The small, triangular bone at the base of the spinal column in humans and other apes, commonly referred to as the tailbone.

Stratum Corneum

The outermost layer of the skin, consisting of dead cells that provide a barrier against environmental damage and water loss.