Other things being constant, if the marginal propensity to save (MPS) is 0.1, and private investment spending falls by $100 million, then real Gross Domestic Product (GDP)
A) increases by $1 billion. B) increases by $90 million.
C) decreases by $1 billion. D) decreases by $10 million.
C
Economics
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Options on futures contracts are referred to as
A) stock options. B) futures options. C) American options. D) individual options.
Economics
A union can induce a rise in equilibrium wages in a unionized industry by
A) not striking. B) successfully increasing the demand for union labor. C) successfully decreasing the demand for union labor. D) reducing the marginal revenue product of firms employing union labor.
Economics