Chapter 11 Check Your Understanding - Worth Publishers文档.pptVIP

Check Your Understanding 11-1Questions 1-3 1) A decline in investment spending caused by a change in business expectations has no effect on consumer spending. True False 2a) What is the multiplier if the marginal propensity to consume is 0.5? 0.5 1 2 5 2b) What is the multiplier if the marginal propensity to consume is 0.8? 0.5 1 2 5 3) As a percentage of GDP, savings accounts for a larger share of the economy in the country of Scania compared to the country of Amerigo. Which country is likely to have the larger multiplier? Scania Amerigo Check Your Understanding 11-2Questions 1-3 1ai) Usi