Answered: TE 45° TE2=C+I2+G+(X-IM)…

TE 45° TE2=C+I2+G+(X-IM) TE:=C+I+G+(X-IM) AI:100 Y1 If the $100 increase in investment in Figure 9.1 increases income by $1,000, then the MPC is: O 0.1 O 0.9 O 0.8 1 O 10

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Figure 9.1
TE
45°
TE2=C+I2+G+(X-IM)
TE:=C+I+G+(X-IM)
AI=100
Y1
Y2
If the $100 increase in investment in Figure 9.1 increases income by $1,000, then the MPC is:
O 0.1
O 0.9
0.8
0 1
O 10

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