If the marginal propensity to consume (MPC) is 0.8, the spending multiplier will be

A) 0.2.
B) 1.25.
C) 4.0.
D) 5.0.


D

Economics

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The total value of inputs used in the production of 100,000 units of a good manufactured in a country is $150,000. Assume that the country produces only this good and each unit of the good sells for $10

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Suppose the following information is known about a market:

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Economics

The differences that people settle by voting are most likely to include:

a. issues that affect few people. b. decisions that need to be taken at a short notice. c. decisions that are divisible. d. public goods.

Economics

Supply-side economists believe that:

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Economics