The marginal propensity to consume is 0.75, marginal propensity to invest is 0.3, and the marginal propensity to import is 0.2. What is the size of the multiplier?
A) 6.67
B) 5.67
C) 4.67
D) 1.67
A
You might also like to view...
A welding machine is an example of a factor of production if it is being used to produce automobiles
Indicate whether the statement is true or false
Which of the following is a characteristic of an oligopoly market?
a. Each firm in an oligopoly market can take independent pricing and output decisions. b. There are many firms in an oligopoly market hence a firm cannot influence the market price. c. In an oligopoly market, each firm's pricing and output decisions depend on those of its rivals. d. Firms in an oligopoly market always manufacture differentiated products. e. Barriers to entry does not exist in an oligopoly market.
Which of the following is an example of a good with a highly elastic supply curve?
a. luxury goods b. tropical vacations c. pizza d. sports vehicles
Refer to the accompanying figure. For Chris, the opportunity cost of planting one bulb is removing:
A. 1/3 of a bag of trash. B. 1/25 of a bag of trash. C. 3 bags of trash. D. 25 bags of trash.