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Author Question: If the marginal propensity to consume (MPC) is 0.96, the value of the spending multiplier is: a. ... (Read 24 times)

ap345

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on: Jun 30, 2018
If the marginal propensity to consume (MPC) is 0.96, the value of the spending multiplier is:
 a. 25.
  b. 40.
  c. 96.
  d. 100.

Question 2

The M1 money supply is defined to be the sum of currency, traveler's checks, and:
 a. checkable deposits.
  b. Treasury bonds.
  c. savings accounts.
  d. large time deposits.


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perkiness

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


ap345

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

kjohnson

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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