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- In an economy investment expenditure increased by 20 billion and the marginal propensity to consume is 0.1 calculate the increase in incomeWhich of the following will increase consumption spending? Group of answer choices a housing market crash an increase in the personal income tax rate a boom in the stock market an increase in the nominal interest rateMacroeconomic equilibrium occurs when aggregate expenditure = GDP. aggregate expenditure = C+ I + G + net transfers. aggregate income = planned inventories. aggregate income = planned inventories. 88. If economists forecast a decrease in aggregate expenditure, which of the following is likely to occur? GDP will rise. GDP will fall. Wages will rise. Inventories will fall.
- The table gives you information about the economy of Australia. Disposable income Saving Consumption expenditure (billions of dollars per year) 0 0 Calculate consumption expenditure at each value of disposable income and fill in the right column of the table. 100 25 200 50 Calculate the marginal propensity to consume. 300 75 The marginal propensity to consume is >>> Answer to 2 decimal places.Which of the following would be most likely to increase consumption spending? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a A reduction in consumer credit card debt A drop in stock prices A higher interest rate C d The expectation of lower future pricesAn increase in government spending (G) of 15 causes a rise in GDP of 60. Calculate the marginal propensity to consume (MPC). 0.25 0.75 0.35 0.65
- Marginal propensity to save is 2 times that of Marginal propensity to consume Calculate the value of MPCWhich of the following would be most likely to increase consumption spending? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a A reduction in consumer credit card debt b A drop in stock prices c A higher interest rate d The expectation of lower future pricesThe marginal propensity to consume is: the amount of consumption at a specific level of income. the fraction of a change in income that is consumed or spent. a change in saving divided by a change in consumption. consumption times income.