If the Marginal Propensity to Consume Is 3/4,the Simple Multiplier

question 57

Multiple Choice

If the marginal propensity to consume is 3/4,the simple multiplier is

• A)3
• B)7
• C)4
• D)25
• E)3/10

Recognize the role of psychology in practical problem-solving and its application in professional settings.

Understand the focus and methodology of evolutionary psychologists in studying behavior.

Recognize the contributions and significance of key historical figures and studies in the development of psychology.

Identify the primary areas of specialization within psychology and their central concerns.

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Definitions:

Society

A group of individuals living as a community or an organized group with shared laws, traditions, and values.

Saving Rate

The proportion of income that is not spent on consumption but is instead saved or invested.

Productivity

The evaluation of production effectiveness, frequently expressed through the proportion of outputs relative to inputs within the production workflow.

Income

The financial gain earned by an individual or a business, typically through employment, investments, or sales.