The smaller the marginal propensity to save, other things constant, _____
a. the smaller the marginal propensity to consume
b. the larger the multiplier
c. the smaller the multiplier
d. the flatter the consumption function
e. the steeper the saving function
b
Economics
You might also like to view...
An improvement in technology would cause each of the isoquants in a firm's isoquant map to shift out away from the origin
Indicate whether the statement is true or false
Economics
Which of the following by itself is consistent with the directions that the price level and real GDP changed at the onset of the Great Depression?
a. aggregate demand shifted right b. aggregate demand shifted left c. aggregate supply shifted right d. aggregate supply shifted left
Economics