[Answered] If an increase in autonomous consumption spending of 10 million results in a 50 million increase in ...

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notis

Hero Member
Posts: 596

on: Jun 29, 2018

If an increase in autonomous consumption spending of 10 million results in a 50 million increase in equilibrium real GDP, then

A) the MPC is 0.5. B) the MPC is 0.75. C) the MPC is 0.8. D) the MPC is 0.9.

Question 2

In recent decades the United States has incurred overall balance of payments deficits.

Indicate whether the statement is true or false

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bookworm410

Sr. Member
Posts: 341

Reply #1 on: Jun 29, 2018

Answer to Question 1

C

Answer to Question 2

FALSE

notis

Hero Member
Posts: 596

Reply #2 on: Jun 29, 2018

Thank you

bookworm410

Sr. Member
Posts: 341

Reply #3 on: Jun 29, 2018

Happy to help you

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