If the marginal propensity to consume (MPC) is 0.75, a $50 decrease in government spending, other things being equal, would cause equilibrium real GDP to:

a. increase by $50.
b. decrease by $50.
c. increase by $200.
d. decrease by $200.

d

Economics

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Refer to the above table. What does the marginal physical product equal when the amount of labor goes from 11 to 12 units?

A) 600 B) 90 C) 100 D) 690

Economics

Which of the following will improve your bargaining position with customers

a. The product your team produces has become more costly to produce b. New firms have entered the market with competing products for the ones your team produces c. Your competitors have developed new products that contain more of the features that your team produces d. There are fewer close substitutes for the product your team supports

Economics