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Author Question: According to the equation of exchange, if V = 5, P = 100, and Q = 10, the M is: a. 20. b. 10. c. ... (Read 69 times)

Engineer

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  • Posts: 527
on: Jun 30, 2018
According to the equation of exchange, if V = 5, P = 100, and Q = 10, the M is:
 a. 20.
  b. 10.
  c. 500.
  d. 1,000.
  e. 200.

Question 2

If the marginal propensity to consume (MPC) is 0.50, the value of the spending multiplier is:
 a. 5.
  b. 1.
  c. 2.
  d. 5.


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karlss

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

e

Answer to Question 2

c


Engineer

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  • Posts: 527
Reply 2 on: Jun 30, 2018
Excellent

CAPTAINAMERICA

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  • Posts: 325
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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