问题


There is a single choice question about high school macroeconomics. Answer the question by replying A, B, C or D.
Question: A change in government spending will have a greater short run impact on real output when
A. the marginal propensity to consume is lower.
B. the velocity of money is lower.
C. the velocity of money is higher.
D. the marginal propensity to consume is larger.
Answer:

答案

模型 模型答案 正确答案
金声玉亮2.0 D. the marginal propensity to consume is larger. D
deepseekr1

The correct answer is **D. the marginal propensity to consume is larger.**

**Explanation:**
In the short run, the impact of government spending on real output is determined by the **Keynesian multiplier effect**. The multiplier formula is \( \frac{1}{1 - MPC} \), where a higher marginal propensity to consume (MPC) increases the multiplier. When the MPC is larger, households spend a greater proportion of additional income, leading to more rounds of spending and a larger cumulative boost to aggregate demand and output.

Options involving the velocity of money (B and C) are less relevant here. While velocity (the rate at which money circulates) influences nominal GDP in the long run (via \( MV = PY \)), the short-run focus of the question aligns with the Keynesian framework, where the multiplier—dependent on the MPC—is the primary driver of output changes. Thus, **D** is correct.
D
gpto1 D D
GPT-4o D. the marginal propensity to consume is larger. D
llama3.1-70B-Instruct

D
D
llama3.1-405B-Instruct

A change in government spending will have a greater short-run impact on real output when the marginal propensity to consume (MPC) is larger. This is because a higher MPC means that more of the increased income from government spending will be spent on consumption, leading to a greater multiplier effect and a larger increase in real output.

Therefore, the correct answer is:

D. the marginal propensity to consume is larger.
D
DeepSeek-Coder-V2 D. the marginal propensity to consume is larger. D
Qwen2-72B-Instruct D. the marginal propensity to consume is larger. D
baichuan4 D D
doubao D. When the marginal propensity to consume is larger, a change in government spending will have a greater multiplier effect and thus a greater short-run impact on real output. A lower marginal propensity to consume would mean less of the additional spending gets spent and circulated in the economy, reducing the impact. Velocity of money is more related to the rate at which money circulates rather than directly to the impact of government spending on output. D
minimax D. the marginal propensity to consume is larger. D
kimi D. the marginal propensity to consume is larger. D
wenxinyiyan D

Explanation:
In macroeconomics, the marginal propensity to consume (MPC) represents the proportion of an increase in income that a consumer spends on consumption, rather than saving. A higher MPC means that a greater portion of any additional income will be spent, thus stimulating the economy more.

When government spending increases, it injects money into the economy. If the MPC is higher, then more of this additional money will be spent on goods and services, leading to a greater multiplier effect and a larger impact on real output in the short run.

The velocity of money, which refers to the rate at which money circulates in an economy, is not directly related to the short-term impact of a change in government spending on real output. Therefore, options B and C are not directly relevant to the question.

Hence, the correct answer is D: the marginal propensity to consume is larger.
D
zhipu D. the marginal propensity to consume is larger.

In macroeconomics, the marginal propensity to consume (MPC) measures the proportion of additional income that a household spends on consumption. A higher MPC means that more of any increase in income will be spent, leading to a larger multiplier effect. This multiplier effect amplifies the impact of a change in government spending on real output. Therefore, a change in government spending will have a greater short run impact on real output when the marginal propensity to consume is larger.
D
gpto1 D D