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The marginal propensity to save is 0.1. Equilibrium GDP will decrease by $60 billion if the aggregate expenditures schedule decreases by Multiple Choice $6 billion.
The marginal propensity to save is 0.1. Equilibrium GDP will decrease by $60 billion if the aggregate expenditures schedule decreases by
Multiple Choice
- $6 billion.
- $60 billion.
- $54 billion.
- $10 billion.
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Principles of Macroeconomics
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
12th edition
134078802, 978-0134078809
