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Author Question: If consumption is 800 when income is 1,000 . the marginal propensity to consume (MPC) must be 0.80. ... (Read 51 times)

nenivikky

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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

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

False

Answer to Question 2

b


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