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Author Question: If Americans' home equity falls substantially, it would ____ wealth and consumer confidence, ____ ... (Read 59 times)

james9437

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on: Jun 30, 2018
If Americans' home equity falls substantially, it would ____ wealth and consumer confidence, ____ consumption, and ____ aggregate demand.
 a. increase, decrease, increase
  b. decrease, decrease, decrease
  c. increase, increase, increase
  d. increase, increase, decrease

Question 2

If equilibrium income is 500 billion, MPC = 0.8, MPI = 0.2 and autonomous government spending increases by 20 billion, the new equilibrium income will be _____.
 a. 600 billion
  b. 550 billion
  c. 525 billion
  d. 520 billion
  e. 500 billion


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Sierray

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

b

Answer to Question 2

b


james9437

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

cdmart10

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Reply 3 on: Yesterday
Wow, this really help

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