If the Marginal Propensity to Consume Decreases,the Multiplier Will Increase

question 99

True/False

If the marginal propensity to consume decreases,the multiplier will increase.

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Definitions:

Preexisting Duty

A duty that already exists under contract law, which cannot be used as consideration for a new promise or contract.

Contract

A legally enforceable agreement between two or more parties with mutual obligations.

Consideration

The value (which could be in the form of goods, services, or money) exchanged between parties in a contract, making the agreement legally binding.

Legally Sufficient Consideration

A value or benefit that is recognized by law, which is exchanged between parties as part of a contract.