« previous next »

Author Question: If consumption is 800 when income is 1,000 . the marginal propensity to consume (MPC) must be 0.80. ... (Read 71 times)

nenivikky

  • Hero Member
  • *****
  • Posts: 516
on: Jun 30, 2018
If consumption is 800 when 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

A reduction in the rate of inflation is called:
 a. deflation.
  b. disinflation.
  c. hyperinflation.
  d. cost-push inflation.


whitcassie

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Distribution of the Income of Americans Distribution of the Income of Americans
You Need to Consume Carbohydrates Daily You Need to Consume Carbohydrates Daily
How the Distribution of Education Affects the Distribution of Income How the Distribution of Education Affects the Distribution of Income
Intergenerational Income Mobility in the United States Intergenerational Income Mobility in the United States
Health and Income per Capita: Two Views Health and Income per Capita: Two Views
The Parade of World Income The Parade of World Income
Video: Embryonic development - Weeks 5 to 8

For a complete list of videos, visit our video library