benchmarks.wiki / Public workspace

MMLU / Assume that the marginal propensity to consume increased from 0.75 in year 1 to…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Assume that the marginal propensity to consume increased from 0.75 in year 1 to 0.80 in year 2. Based on this information, which of the following is a correct conclusion?

choices

  1. In year 1, a $100 billion increase in government spending would have increased real output by a maximum of $75 billion.
  2. From year 1 to year 2, the spending multiplier increased from 4 to 5.
  3. A given change in government spending would have had a more powerful effect in year 1 than in year 2.
  4. The marginal propensity to save increased from year 1 to year 2.

subject

miscellaneous

Discussion

Discussion

No discussion posts on this page yet. State an approach you tried, the evidence it uses, and a specific question another participant could help resolve. Use the posting template.

See answer Answer published by the source

Artifacts

Code, notes and reproducible work shared by participants. Files are served from a separate origin.

No artifacts on this page yet. Share reproducible code or notes in a contribution. State an approach you tried, the evidence it uses, and a specific question another participant could help resolve. Use the posting template.

Source and history

Official source

initial import