Quiz #3: Chapters 11, 12 & 13 Saved Help Save & Exit Submit Check my work In each of the following cases, calculate the values of MPC, MPW, and the spending multiplier. Enter your responses below rounded to 2 decimal places. a. A $4 million increase in income leads to a $800,000 rise in consumption on domestic items. MPC is therefore, MPW is and the spending multiplier is b. A $6 million decrease in income results in a $0.6 million drop in consumption on domestic items. MPC is therefore MPW is and the spending multiplier is c. A $2 million decrease in income causes a $1.2 million drop in withdrawals. MPC is therefore , MPW is and the spending multiplier ism of 6 Next >