Question
If the marginal propensity to consume (MPC) is 2/3, an increase in government spending (G) from
$20
million to $35 million will increase equilibrium income by:
A) $15 million B) $10 million
C) $25 million D) $45 million
Macroeconomics
Question
$20
million to $35 million will increase equilibrium income by:
A) $15 million B) $10 million
C) $25 million D) $45 million
Macroeconomics