If the multiplier is 5, then the marginal propensity to consume (MPC) is
A. 0.5.
B. 0.8.
C. 1.0.
D. 0.2.
Answer: B
Economics
You might also like to view...
How much more do the Chefs value the high-end woks to the low-end woks?
a. $20 b. $30 c. $40 d. $50
Economics
Which nation achieved the ideal communist society as described by Marx?
a. Castro's Cuba b. Stalin's Soviet Union c. No nation has achieved Marx's vision of communist society. d. Mao's China
Economics