If the Marginal Propensity to Consume Is Equal to 0

question 83

Multiple Choice

If the marginal propensity to consume is equal to 0.70 and income rises by $20 billion,then consumption spending will rise by

• A)$ 6 billion
• B)$14 billion
• C)$20 billion
• D)$28 billion
• E)$67 billion

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Definitions:

Inheritance

A fundamental concept in object-oriented programming where a class (subclass) can inherit fields and methods from another class (superclass), promoting code reuse.

Base Class

A class from which other classes are derived, containing methods and properties that can be inherited or overridden.

Inner Classes

Classes declared within another class's body, allowing for closer association with the enclosing class.

Outer Classes

Classes defined outside of any other class's scope, not nested within another class.