In the simple Keynesian expenditure model, a marginal propensity to consume of .9 leads to an expenditure multiplier of

A) .1.
B) .9.
C) 9.
D) 10.

D

Economics

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When the price of a good falls and the prices of other goods and a consumer's income remain the same, explain what happens to the consumption of the good whose price has fallen and to the consumption of other goods

What will be an ideal response?

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Which of the following is a primary product?

a. Tomato sauce b. Chocolate bars c. Salt d. Breakfast cereal e. A desk

Economics