Author Question: If MPS is equal to 0.15 and MPI is equal to 0.10, an initial change of 19,000 in government ... (Read 104 times)

Mr.Thesaxman · **on:** Jun 30, 2018

If MPS is equal to 0.15 and MPI is equal to 0.10, an initial change of 19,000 in government expenditure would result in a total change of _____ in income.
a. 19,000
b. 16,150
c. 20,000
d. 76,000
e. 126,667

Question 2

An increase in the price of a good will
a. increase demand.
b. decrease demand.
c. increase quantity demanded.
d. decrease quantity demanded.