If MPS = .25, MPC must be _______ and national income is _______

a. 1.75; $750 billion
b. 1.25; $75 billion
c. 0.75; not discernible with the information provided
d. 0.25; not discernible with the information provided
e. 0.75; $75 billion

C

Economics

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Recessionary gaps are most likely to be accompanied by

A. inflation. B. inventory reductions. C. unemployment. D. expanding output.

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