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darkfire12 darkfire12
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A year ago
Multiplier Effect of Government Purchases

If an increase in government spending of $400 billion results in a $1.4 trillion increase in equilibrium real GDP, then the marginal propensity to consume (MPC) is ________. (Round to the nearest hundredth when appropriate.)

▸ 0.65

▸ 0.71

▸ 0.29

▸ 0.35
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Macroeconomics

Macroeconomics


Edition: 3rd
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thomas1993thomas1993
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A year ago
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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Brilliant ツ
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