If the marginal propensity to consume (MPC) is 0.9, then the multiplier for a change in autonomous spending will be

In a closed economy, national saving equals

A) C + I + G. B) Y - C - G. C) Y - C - I. D) Y - G - I.

There is no deadweight loss from subsidy

a. True b. False Indicate whether the statement is true or false