« previous next »

Author Question: When an economy is operating at its full employment rate of output: a. the rate of unemployment ... (Read 116 times)

fbq8i

  • Hero Member
  • *****
  • Posts: 527
on: Jun 30, 2018
When an economy is operating at its full employment rate of output:
 a. the rate of unemployment will be zero.
  b. output will exceed the economy's maximum sustainable rate.
  c. the actual rate of unemployment will equal the natural rate.
  d. the economy's potential rate of output will exceed actual GDP.

Question 2

If the marginal propensity to consume = 0.75, then:
 a. the marginal propensity to save = 0.75.
  b. the marginal propensity to save = 1.33.
  c. the marginal propensity to save = 0.20.
  d. the marginal propensity to save = 0.25.
  e. since the marginal propensity to save and the marginal propensity to consume are unrelated, we cannot determine the marginal propensity to save from the information given.


samiel-sayed

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Variation in the rate of evolution as a function of the strength of selection, assuming genetic drif Variation in the rate of evolution as a function of the strength of selection, assuming genetic drif
Latin America in the Global Economy Latin America in the Global Economy
How an Increase in Income Inequality Affects the Desired Tax Rate How an Increase in Income Inequality Affects the Desired Tax Rate
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
The radius of the Sun is 6.95 × 108 m. It radiates heat at the rate of 5.32 x 10 The radius of the Sun is 6.95 × 108 m. It radiates heat at the rate of 5.32 x 10
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Video: Complement Proteins Animation

For a complete list of videos, visit our video library