27. If consumers spend 90 cents out of every dollar received, the: MPS is 0.90; B)...
27. If consumers spend 90 cents out of every dollar received, the:
- MPS is 0.90; B) MPC is 0.90; C) Multiplier is 0.10; D) Multiplier is 0.90
Homework Answers
Change in consumption / Change in income = MPC
0.90 / 1 = 0.9
The mpc is 0.9. the answer is "B".
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27. If consumers spend 90 cents out of
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