If the marginal propensity to save (MPS) is 0.10, the value of the spending multiplier is:
A. 1.
B. 9.
C. 10.
D. 90.
Answer: C
Economics
You might also like to view...
Economic agents who borrow funds are known as:
A) receivers. B) debtors. C) investors. D) creditors.
Economics
If some monopolistically competitive firms exit their market after suffering short-run losses, the demand curves of remaining firms will shift to the right
Indicate whether the statement is true or false
Economics