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If Equilibrium Income Is $500 Billion, MPC = 0

question 110

Multiple Choice

If equilibrium income is $500 billion, MPC = 0.8, MPI = 0.2 and autonomous government spending increases by $20 billion, the new equilibrium income will be _____.

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Definitions:

Discrete Sensors

Sensors that detect and respond to changes in physical conditions with discrete output, such as on/off states, used in automation and control systems.

Limit Switch

An electromechanical device that operates based on the movement or presence of an object, used to control machinery and processes.

Actuated

Triggered or moved into action, often referring to the activation of a mechanical device or system component in response to a control signal.

Proximity Switch

An electronic sensor capable of detecting the presence of nearby objects without physical contact, often using electromagnetic fields.

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