This topic contains a solution. Click here to go to the answer

Author Question: Deflation: a. was prevalent during the oil shocks of the 1970s. b. will cause consumers' ... (Read 14 times)

Destiiny22

  • Hero Member
  • *****
  • Posts: 557
Deflation:
 a. was prevalent during the oil shocks of the 1970s.
  b. will cause consumers' purchasing power to shrink.
  c. has been persistent in the U.S. economy since the Great Depression.
  d. none of these.

Question 2

If the marginal propensity to consume is 0.80, the value of the spending multiplier will be 5.
 a. True
  b. False
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

catron30

  • Sr. Member
  • ****
  • Posts: 297
Answer to Question 1

d

Answer to Question 2

True




catron30

  • Sr. Member
  • ****
  • Posts: 297

 

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

For a complete list of videos, visit our video library