If 100 percent of any change in income is spent, the multiplier will be:
A. equal to the MPC.
B. 1.
C. zero.
D. infinitely large.
D. infinitely large.
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Productivity efficiency in saving lives
a. is not possible to today's economy b. is guaranteed in today's economy c. occurs when the economy is saving the maximum possible number of lives d. requires producing on the economy's production possibilities frontier e. occurs where the production possibilities frontier intersects the "lives saved" axis
Medicare costs are high, and rising at rapid rates, because
A. the elderly have been shown to enjoy hospital food. B. medical technology is advancing and raising costs. C. medical technology is advancing and raising costs, while the elderly pay only a quarter of the true costs and are therefore less cost conscious. D. elderly pay only a quarter of the true costs, and are therefore, less cost conscious.