When the marginal propensity to consume (MPC) increases
A. the multiplier remains unchanged.
B. the multiplier decreases.
C. the average propensity to save remains unchanged.
D. the multiplier increases.
Answer: D
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Use the following table to answer the next question.Labor Compensation (Wages and Benefits)$9,560 billionProprietors' Income$615 billionNet Interest$1,024 billionCorporate Profits$2,049 billionRent$409 billionWhat is the value of national income?
A. $13,248 billion B. $13,042 billion C. $13,657 billion D. $12,427 billion
The notion of "purposeful behavior" in the economic perspective suggests that:
A. People will tend to stick with a particular choice for a long period of time B. Economic analysis will provide people with a single "right" way to behave C. Economists do not believe that people can sometimes behave impulsively D. One person's choice may differ from another's if their circumstances and information differ
What are three ways that lenders increase the rate of interest paid relative to what it appears to be?
What will be an ideal response?
Refer to the table shown to answer the question. Between $2.20 and $2.40, demand is:PriceQuantity Demanded$1.60130$1.80120$2.00110$2.20100$2.4090$2.6080
A. unit elastic. B. perfectly elastic. C. inelastic. D. elastic.