Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The use of W/MPS formula as the size of the multiplier in the economy, oversintes the actual size of it because: Multiple Choke O Imports
The use of W/MPS formula as the size of the multiplier in the economy, oversintes the actual size of it because: Multiple Choke O Imports and taxes create new income In the economy O imports and not toes created new income in the economy O saving is the only traction of the domestic income which is not spent O saving is not the only fraction of the domestic income which is not spentIf a consumption schedule shifts upward, this means that the: Multiple Choice O MPC has increased MPS has decreased. O APC is now higher at each level of disposable income. O APC is now lower at each level of disposable income
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started