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Author Question: If an increase in autonomous consumption spending of 10 million results in a 50 million increase in ... (Read 525 times)

notis

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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

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

C

Answer to Question 2

FALSE


notis

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Reply #2 on: Jun 29, 2018
Thank you :)


bookworm410

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Reply #3 on: Jun 29, 2018
Happy to help you


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