If the Marginal Propensity to Consume Is 0

question 144

Multiple Choice

If the marginal propensity to consume is 0.6,what is the long-run expenditure multiplier?

• A) 0.0
• B) 2.0
• C) 2.5
• D) 10.0
• E) 1.0

Understand the preparation and significance of financial statements in the accounting cycle.

Differentiate between real and nominal accounts.

Explain the nature of accumulated depreciation in accounting records.

Clarify the misconceptions about the accounting cycle and common practices.

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