[Answered] Mathematically, the value of the tax multiplier in terms of the marginal propensity to consume (MPC) ...

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Author Question: Mathematically, the value of the tax multiplier in terms of the marginal propensity to consume (MPC) ... (Read 23 times)

CBme

Hero Member
Posts: 548

on: Jun 30, 2018

Mathematically, the value of the tax multiplier in terms of the marginal propensity to consume (MPC) is given by the formula:
a. MPC 1.
b. (MPC 1) / MPC.
c. 1 / MPC.
d. 1 1 / (1 MPC).

Question 2

The equation specifying a direct relationship between the money supply and prices is the quantity theory of:
a. money.
b. prices.
c. exchange.
d. spending.
e. dollars.

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brittrenee

Sr. Member
Posts: 321

Reply #1 on: Jun 30, 2018

Answer to Question 1

d

Answer to Question 2

a

CBme

Hero Member
Posts: 548

Reply #2 on: Jun 30, 2018

Correct answers!

brittrenee

Sr. Member
Posts: 321

Reply #3 on: Jun 30, 2018

Great! Please up vote

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