If the marginal propensity to consume is 0.6 and consumpt...
If the marginal propensity to consume is 0.6 and consumption expenditure changes by N10 million, the equilibrium level of income will change by
N4.0 milion
N25.0 milion
N2.5 milion
N15.0 milion
Correct answer is B
No explanation has been provided for this answer.
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