Aggregate expenditure is 790. Income is 730 and consumption is 720, income increases to 750 and consumption increases to 736. There is an increase in consumer spending of 3. What will the MPC be What will the MPS be What will the multiplier be What will the new level of aggregate expenditure be You must show all work you must take all steps and it must be done in a neat well organized easy to follow manner.
Aggregate expenditure is 790. Income is 730 and consumption is 720, income increases to 750 and consumption increases to 736. There is an increase in consumer spending of 3. What will the MPC be What will the MPS be What will the multiplier be What will the new level of aggregate expenditure be You must show all work you must take all steps and it must be done in a neat well organized easy to follow manner.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Aggregate expenditure is 790. Income is 730 and consumption is 720, income increases to 750 and consumption increases to 736. There is an increase in consumer spending of 3.
What will the MPC be
What will the MPS be
What will the multiplier be
What will the new level of aggregate expenditure be
You must show all work you must take all steps and it must be done in a neat well organized easy to follow manner.
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