Assume the marginal propensity to consume for us households, Business Economics

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Assume the marginal propensity to consume for us households

Assume the marginal propensity to consume for U.S. households equals .9, and the marginal propensity to import for the united states equals .1. Suppose an increase in investment of $10 million occurs at each level of income. What does the value of the multiplier for the united states equal? A. 2 B. 3 C. 4 D. 5

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Business Economics: Assume the marginal propensity to consume for us households

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Business Economics: Assume the marginal propensity to consume for us households

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