If the Marginal Propensity to Consume Is

question 150

Multiple Choice

If the marginal propensity to consume is .9 in a private closed economy,a $20 billion decline in investment spending will decrease:

• A) GDP by $20 billion.
• B) GDP by $100 billion.
• C) saving by $20.
• D) consumption by $200 billion.

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Definitions:

Service Offerings

The various services that a company provides to its customers, which can include consulting, maintenance, and customer support.

Pathos

An appeal to emotion in rhetoric or creative works, aiming to elicit an emotional response from the audience.

Business Model

A plan or framework a company uses to operate, generate revenues, and make a profit, detailing how it conducts business.

Strategies

Plans of action developed to achieve long-term or overall goals in various contexts, such as business, marketing, or military.