Author Question: If consumption is 800 when disposable income is 1,000 . the marginal propensity to consume (MPC) ... (Read 59 times)

biggirl4568 · **on:** Jun 30, 2018

If consumption is 800 when disposable income is 1,000 . the marginal propensity to consume (MPC) must be 0.80.
a. True
b. False
Indicate whether the statement is true or false

Question 2

An increase in fiscal deficit spending financed by borrowing will not affect the national debt but decrease interest rates.
a. True
b. False
Indicate whether the statement is true or false