Question

As the marginal propensity to consume (MPC) increases, the multiplier As the marginal propensity to save (MPS) increases, the multiplier remains the same increases decreases. decreases increases remains the same If the marginal propensity to consume is 0.30, what is the multiplier; assuming there are no taxes or imports? Round to the tenths place: Given the multiplier that you calculated, by how much will gross domestic product (GDP) increase when there is a $1,000 increase in government spending? Give your answer to the nearest whole number

          As the marginal propensity to consume (MPC) increases, the multiplier
As the marginal propensity to save (MPS) increases, the multiplier
remains the same
increases
decreases.
decreases
increases
remains the same
If the marginal propensity to consume is 0.30, what is the multiplier; assuming there are no taxes or imports? Round to the tenths place:
Given the multiplier that you calculated, by how much will gross domestic product (GDP) increase when there is a $1,000 increase in government spending? Give your answer to the nearest whole number

Added by Kara D.

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