The larger the marginal propensity to consume,
a. the larger the multiplier.
b. the larger the marginal propensity to save.
c. the higher the income level of the economy.
d. the smaller the change in income derived from a given change in government spending.
A
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Which federal agency publishes the United States' unemployment figures?
A) The Bureau of Labor Statistics B) Health and Human Services C) the Senate Committee on Labor Relations D) the Federal Reserve
Based on the U.S. historical experience with the gold standard, we can conclude that
A) the gold standard guarantees price stability but not economic stability. B) the standard guarantees economic stability but not price stability. C) the gold standard guarantees both economic and price stability. D) the gold standard guarantees neither economic nor price stability.