If the MPC Equals 0.75, Then

question 377

Multiple Choice

If the MPC equals 0.75, then

• A) for every $100 increase in consumption, real Gross Domestic Product (GDP) increases by $75.
• B) consumption is always more than real Gross Domestic Product (GDP).
• C) for every $100 increase in real Gross Domestic Product (GDP), saving increases by $75.
• D) for every $100 increase in real Gross Domestic Product (GDP), saving increases by $25.

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Definitions:

Resale of Goods

The act of selling an item that has previously been purchased from a vendor or manufacturer, typically involving goods that are sold in the same condition as they were acquired.

Obligated to Try

A duty or an agreement to make a good faith effort to achieve a stipulated outcome or perform a certain task.

Consequential Damages

Damages that arise not directly from a breach of contract but as a foreseeable result of the breach, such as lost profits or additional operational costs.

Prima Facie

A term from Latin meaning "on its face" or "at first sight"; in legal contexts, it refers to evidence that, unless rebutted, would be sufficient to prove a particular proposition or fact.