The slope of the consumption function is equal to: a. the MPC. ...

[javeds]

The slope of the consumption function is equal to:
 a. the MPC.
 b. the MPS.
 c. 1/(1 - MPC).
  d. MPC - MPS.

Question 2

Which of the following is a reason why the Japanese yen is considered money?
 a. It is backed by gold.
  b. Its value over the years has varied significantly.
  c. Goods in Japan are priced in terms of the yen, the most liquid asset of the economy.
  d. It is backed by silver.
  e. It is an asset that lacks liquidity.

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Answer to Question 1

a

Answer to Question 2

c