When the marginal propensity to save declines, the
A) multiplier becomes larger and the IS curve becomes flatter.
B) marginal propensity to consume increases and there is no effect on the IS curve.
C) multiplier becomes larger and the IS curve becomes steeper.
D) multiplier declines and the IS curve becomes steeper.
A
Economics
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A) only implicit costs. B) only explicit costs. C) both implicit and explicit costs. D) whatever management wishes to report to the shareholders.
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The only way that a society can produce outside the production possibilities curve is
A) through economic growth. B) by producing efficiently. C) by obeying the Law of Increasing Additional Cost. D) to use the concept of opportunity cost.
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