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ECON 2006 FINAL Exam Questions with 100% Correct Answers
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ECON 2006 FINAL Exam Questions with 100% Correct Answers Smaller the value of the multiplier, because when people save more, they spend less, and decrease the overall spending multiplier - Holding everything else constant in an economy, the larger the MPS, the: A) smaller the value of the multiplier. B) larger the value of the multiplier. 5,000 + .7YD, because Autonomous consumer spending is 5,000; and MPC is .7 (100 dollar increase, spend 70) - Assume aggregate consumer spending equals $5,000 when aggregate disposable income is zero, and when disposable income increases from $300 to $400, consumer spending increases by $70. What is the equation for the aggregate consumption function? C = 5,000 + 70YD C = 500 + 0.7YD
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