This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If consumption is defined as C = 1,350 + 0.6Y, then the marginal propensity to consume is 0.6. ... (Read 107 times)

mpobi80

  • Hero Member
  • *****
  • Posts: 519
on: Jun 29, 2018
If consumption is defined as C = 1,350 + 0.6Y, then the marginal propensity to consume is 0.6.
 
  Indicate whether the statement is true or false

Question 2

Between September 2007 and March 2008 there was a substantial reduction in the demand for housing. What action did the Fed take in response to the reduction in the demand for housing?
 
  A) The Federal Reserve cut the federal funds rate seven times.
  B) The Federal Reserve decreased the required reserve rate.
  C) The Federal Reserve raised the discount rate by 3 percentage points.
  D) The Fed conducted open market sales of Treasury securities.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

meltdown117

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

A


mpobi80

  • Member
  • Posts: 519
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

xoxo123

  • Member
  • Posts: 335
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Relative Energy Consumption per Person for Selected Countries Relative Energy Consumption per Person for Selected Countries
As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ... As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ...
Globalized Consumption Globalized Consumption
Industrialized nations consumption Industrialized nations consumption
Cultural Attitudes Toward Insect Consumption Cultural Attitudes Toward Insect Consumption
The minimum number of moles of oxygen needed to completely consume 4 moles of C3H8O is ... The minimum number of moles of oxygen needed to completely consume 4 moles of C3H8O is ...
Video: Mutations and translation

For a complete list of videos, visit our video library