QUESTION 1 New government purchases of+500causes cumulative spending in the economy to increase by+5000.So MPC= .9 .8
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QUESTION 1
New government purchases of+500causes cumulative spending in the economy to increase by+5000.So MPC=
- .9
- .8
- .75
- .6
5 points
QUESTION 2
New government purchases of+200causes cumulative spending in the economy to increase by+1000.So MPS=
- .1
- .2
- .25
- .4
5 points
QUESTION 3
New transfers of+300causes cumulative spending in the economy to increase by+450.So MPC=
- .9
- .8
- .75
- .6
5 points
QUESTION 4
The multiplier effect describes the spread of:
- disease
- knowledge
- rumors
- spending
5 points
QUESTION 5
Rank from large to small:
- excess, drag, gap
- excess, gap, drag
- drag, gap, excess
- gap, drag, excess
5 points
QUESTION 6
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/66755f9346dff_21166755f932d6aa.jpg)
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