If MPC = 0

question 101

Multiple Choice

If MPC = 0.8, a $200 billion increase in government purchases would have what size effect on the "first round" of induced added consumption?

• A)​$80 billion
• B)​$160 billion
• C)​$200 billion
• D)​$800 billion

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Definitions:

Dissolved Oxygen

The amount of oxygen that is present in water, which is essential for the survival of fish and other aquatic organisms.

Water Pollution

Water pollution is the contamination of water bodies, such as rivers, lakes, oceans, and groundwater, caused by pollutants that harm living organisms and the environment.

Confidence Interval

A span of numbers, originating from sample data, which probably encompasses the value of an unspecified population characteristic.

Degrees of Freedom

The number of independent values or quantities that can vary in the analysis of statistical data, which are necessary to calculate a statistic.