Multiple Choice
Table 11.1

-Refer to Table 11.1. If the marginal propensity to consume decreases to 0.05 (MPC = 0.05) , what is the new equilibrium level of output?
A) 2,366.67
B) 3,166.67
C) 3,550.00
D) 4,750.00
Correct Answer:

Verified
Correct Answer:
Verified
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