If the Marginal Propensity to Consume in an Economy Is

question 60

Multiple Choice

If the marginal propensity to consume in an economy is .8,net exports are zero,and government spending is $33 billion at each level of real GDP,the slope of the economy's aggregate expenditures schedule will be:

• A) .8.
• B) .2.
• C) 5.
• D) .125.

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Definitions:

Married

A legally or formally recognized union of two people as partners in a personal relationship.

Living Apart Together

Living apart together describes a relationship model in which a committed couple decides to maintain separate residences while continuing to identify as a couple and maintain their intimate relationship.

Singlehood

Describes the state of being unmarried or not involved in a romantic relationship.

Cohabitation

The living arrangement in which an unmarried couple lives together in a long-term relationship that resembles a marriage.