If investment increases by $200, and as a result GDP increases by $800, then the a) multiplier is 1/4. O b) marginal propensity to consume is 0.75. c) marginal propensity to consume is 0.25. d) multiplier is 3. e) marginal propensity to save is 0.75.

If investment increases by $200, and as a result GDP increases by $800, then the a) multiplier is 1/4. O b) marginal propensity to consume is 0.75. c) marginal propensity to consume is 0.25. d) multiplier is 3. e) marginal propensity to save is 0.75.

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Description: Plz answer ASAP. Correct answer with the working/ steps will get you a positive review. If investment increases by $200, and as a result GDP increases by $800, then thea) multiplier is 1/4.O b) marginal propensity to consume is 0.75.c) marginal prope

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter9: Aggregate Expenditures

Section: Chapter Questions

Problem 10E

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