Consider a simple Keynesian model without government spending or taxation. Suppose autonomousconsumption is 500 and autonomous investment is 300 and the equilibrium level of output is 2400.Then the marginal propensity to consume is: a.2/3 b.Uncertain, not enough information c.3/5 d.3
Consider a simple Keynesian model without government spending or taxation. Suppose autonomousconsumption is 500 and autonomous investment is 300 and the equilibrium level of output is 2400.Then the marginal propensity to consume is: a.2/3 b.Uncertain, not enough information c.3/5 d.3
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter10: Keynesian Macroeconomics And Economic Instability: A Critique Of The Self Regulating Economy
Section: Chapter Questions
Problem 7QP
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Consider a simple Keynesian model without government spending or
a.2/3
b.Uncertain, not enough information
c.3/5
d.3
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