Author Question: Refer to Figure 28-9. A follower of the new classical macroeconomics would argue that ________ like ... (Read 86 times)

brutforce · **on:** Jun 29, 2018

Refer to Figure 28-9. A follower of the new classical macroeconomics would argue that ________ like that pursued by Paul Volcker in 1979, would result in a movement from C to A.

A) expansionary fiscal policy B) contractionary monetary policy
C) contractionary fiscal policy D) expansionary monetary policy

Question 2

Given the equations for C, I, G, and NX below, what is the marginal propensity to save?

C = 1,000 + 0.8Y
I = 1,500
G =1,250
NX = 100
A) 0.2 B) 0.8 C) 1.8 D) 10