If the multiplier is 5, then the MPC must be

A) 1/5.
B) 1/6.
C) 3/4.
D) 4/5.
E) 2/3.


D

Economics

You might also like to view...

Explain the distinction between a command system and an incentive system

What will be an ideal response?

Economics

There are a number of benefits that usually accompany economic growth. The following are such benefits EXCEPT

A) increase in literacy. B) increased expected life-spans. C) political stability. D) urban congestion.

Economics

Exports as a percentage of global GDPs have declined since 1980

Indicate whether the statement is true or false

Economics

When you pay for some purchase with a check, cash must be transferred to another account to pay for the check

a. True b. False Indicate whether the statement is true or false

Economics