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Description: If the simple spending multiplier is 8, the marginal propensity to consume isO a. 81/4weredc. 7/8d. 1/8e. 4/5

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If the simple spending multiplier is 8, the marginal propensity to consume is O a. 8 1/4 wered O c. 7/8 O d. 1/8 O e. 4/5

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter24: Fiscal Policy

Section: Chapter Questions

Problem 7P

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If the simple spending multiplier is 8, the marginal propensity to consume is
O a. 8
1/4
wered
c. 7/8
d. 1/8
e. 4/5

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