Suppose the Marginal Propensity to Consume Is 0

question 50

True/False

Suppose the marginal propensity to consume is 0.8.If the government cut taxes by $100 billion,then real GDP would increase by $500 billion.

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Definitions:

Reminds

Acts of causing someone to remember or think of something, typically through a prompt or cue.

Natural Reward Strategies

Types of compensation designed to make aspects of a task or activity more enjoyable by building in certain features or by reshaping perceptions to focus on the most positive aspects of the task and the value it holds.

Enjoyable

Providing pleasure or delight; capable of making one happy or satisfied.

Task

A piece of work to be done or undertaken, typically a specific responsibility or duty.