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Author Question: If your disposable personal income increases from 30,000 to 40,000 and your savings increases from ... (Read 64 times)

TFauchery

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on: Jun 30, 2018
If your disposable personal income increases from 30,000 to 40,000 and your savings increases from 2,000 to 4,000 . your marginal propensity to save (MPS) is:
 a. 0.2.
  b. 0.4.
  c. 0.5.
  d. 0.8.
  e. 1.0.

Question 2

Which of the following statements is true?
 a. The national debt as a percentage of GDP is greater today than during any other period in our nation's history.
  b. A sizeable external national debt will transfer purchasing power away from foreigners to domestic citizens.
  c. Keynesian theory assumes a total crowding out effect associated with deficit spending.
  d. U.S. national debt is 12 times its size in 1980.


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ankilker

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

a

Answer to Question 2

d


TFauchery

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

zacnyjessica

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  • Posts: 345
Reply 3 on: Yesterday
Gracias!

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