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Author Question: The ratio of the change in GDP to an initial change in aggregate expenditures (AE) is the: a. ... (Read 39 times)

asd123

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on: Jun 30, 2018
The ratio of the change in GDP to an initial change in aggregate expenditures (AE) is the:
 a. spending multiplier.
  b. permanent income rate.
  c. marginal expenditure rate.
  d. marginal propensity to consume.

Question 2

The M1 definition of the money supply includes:
 a. currency in circulation and checkable deposits.
  b. Federal Reserve Notes, gold certificates, and checkable deposits.
  c. Federal Reserve Notes and bank loans.
  d. None of these.


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nikmaaacs

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

a

Answer to Question 2

a


asd123

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

peter

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Reply 3 on: Yesterday
Excellent

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