If the marginal prospensity to consume is 0.75, an increase in autonomous investment of 800.00 will result in a a) 3200 increase in the level of autonomous consumption b) 3200 increase in the equilibrium level of income c) 1500 increase in the equilibrium level of income d) 1300 increase in the level of induced consumption

If the marginal prospensity to consume is 0.75, an increase in autonomous investment of 800.00 will result in a a) 3200 increase in the level of autonomous consumption b) 3200 increase in the equilibrium level of income c) 1500 increase in the equilibrium level of income d) 1300 increase in the level of induced consumption

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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