Asked by Ghefhine Casilao on Jul 11, 2024
Verified
If MPC is .8 and investment rises by $30 billion,GDP will rise by $_________.
MPC
The marginal propensity to consume, which measures the portion of additional income that an individual spends on consumption instead of saving.
- Calculate the effects of changes in government spending and taxation using fiscal multipliers.
Verified Answer
JP
Learning Objectives
- Calculate the effects of changes in government spending and taxation using fiscal multipliers.