Home » Economics » In a closed economy, the marginal propensity to consume is 0.6 and the average propensity…In a closed economy, the marginal propensity to consume is 0.6 and the average propensity… In a closed economy, the marginal propensity to consume is 0.6 and the average propensity to consume 0.8. The value of the multiplier is? A. 2.5 B. 2.6 C. 2.7 D. 2.4 Correct Answer: Option A Explanation Related Posts The government can influence the price of agriculture products by? The middlemen in the chain of distribution are? A country achieves economic development when there is Elasticity demand is an effective tool in the hands of a producer in that it… A change in supply is best described as a? The major function of the wholesaler to his customers is?
