Author Question: Refer to Figure 29-2. Which of the events below cause the shifts in the supply and demand curves in ... (Read 121 times)

CBme · **on:** Jun 29, 2018

Refer to Figure 29-2. Which of the events below cause the shifts in the supply and demand curves in the market for dollars against the British pound shown in the graph above?

A) Real income rises in the United States. B) Interest rates rise in England.
C) Interest rates rise in the United States. D) Real income falls in England.

Question 2

If the consumption function is defined as C = 7,250 + 0.8Y, what is the marginal propensity to save?

A) 0.2 B) 0.8 C) 5.8 D) 7.25