Suppose Autonomous Consumption Rises by $0

question 34

Multiple Choice

Suppose autonomous consumption rises by $0.8 trillion and the marginal propensity to consume equals three-quarters.By what amount will the equilibrium level of output demanded rise?  

• A) by $0.2 trillion 
• B) by $0.6 trillion 
• C) by $1.07 trillion 
• D) by $3.2 trillion

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