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Author Question: Deflation: a. was prevalent during the oil shocks of the 1970s. b. will cause consumers' ... (Read 11 times)

Destiiny22

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on: Jun 30, 2018
Deflation:
 a. was prevalent during the oil shocks of the 1970s.
  b. will cause consumers' purchasing power to shrink.
  c. has been persistent in the U.S. economy since the Great Depression.
  d. none of these.

Question 2

If the marginal propensity to consume is 0.80, the value of the spending multiplier will be 5.
 a. True
  b. False
  Indicate whether the statement is true or false


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catron30

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

d

Answer to Question 2

True


Destiiny22

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Reply #2 on: Jun 30, 2018
Thank you :)


catron30

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Reply #3 on: Jun 30, 2018
Happy to help you


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