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Author Question: The economic way of thinking will help you A) make decisions in financing your home. B) decide ... (Read 42 times)

Beheh

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on: Jun 29, 2018
The economic way of thinking will help you
 
  A) make decisions in financing your home.
  B) decide whether the U.S. government should encourage or discourage immigration.
  C) make better decisions concerning your education.
  D) all of the above

Question 2

Calculate the value of the government purchases multiplier if the marginal propensity to consume equals 0.8, the tax rate equals 0.2, and the marginal propensity to import equals 0.05.
 
  What will be an ideal response?


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Sarahjh

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

Government purchases multiplier = 1 / 1 - (0.8(1 - 0.2 ) - 0.05 ) = 2.44


Beheh

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

samiel-sayed

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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