The following question are based on the following diagram:
-The marginal propensity to consume is
A) 1.
B) 19/21.
C) 5/7.
D) 2/3.
E) impossible to tell from the graph.
Correct Answer:
Verified
Q47: The reciprocal of the marginal propensity to
Q48: If an economy is operating at a
Q49: The value of the multiplier is
A) negative
Q50: A change in investment spending NOT caused
Q51: The income expenditure model is most relevant
Q53: The 45-degree line represents points of equality
Q54: One reason for the volatility of investment
Q55: The irregularity of the innovation rate
A) primarily
Q56: According to John Maynard Keynes and his
Q57: Autonomous changes in intended investment
A) are due
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