A marginal propensity to save of 0.20 results in a multiplier of
A) 2.
B) 5.
C) 1.25.
D) 8.
E) 1.
B
Economics
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In the model of monopolistic competition, an increase in industry output will ________ producers of ________ higher-priced goods and ________ producers of lower-priced goods
A) harm; benefit B) benefit; harm C) harm; harm D) benefit; benefit E) benefit; have no effect on
Economics
When comparing elasticities between two different linear demand curves, the curve that is flatter has greater price elasticity at every given price
Indicate whether the statement is true or false
Economics