In a simple, private economy, suppose that the MPC is 0.8 and investment rises by $20 million.At the new equilibrium, how much will saving have increased? A)$8 million B)$16 million C)$20 million D)$80 million E)$100 million
In a simple, private economy, suppose that the MPC is 0.8 and investment rises by $20 million.At the new equilibrium, how much will saving have increased? A)$8 million B)$16 million C)$20 million D)$80 million E)$100 million
Chapter9: Aggregate Demand
Section: Chapter Questions
Problem 1.2P
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In a simple, private economy, suppose that the MPC is 0.8 and investment rises by $20 million.At the new equilibrium,
how much will saving have increased?
A)$8 million
B)$16 million
C)$20 million
D)$80 million
E)$100 million](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F23c5d530-ffba-45d4-84c5-344041c94875%2Fb5616247-f3bf-44bf-8510-d9031c02538d%2F8asjrdi_processed.jpeg&w=3840&q=75)
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182 / 215
In a simple, private economy, suppose that the MPC is 0.8 and investment rises by $20 million.At the new equilibrium,
how much will saving have increased?
A)$8 million
B)$16 million
C)$20 million
D)$80 million
E)$100 million
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