Wealth is A) equivalent to saving. B) another name for ...

[PhilipSeeMore]

Wealth is
 
  A) equivalent to saving.
  B) another name for income.
  C) the same as investment in financial capital.
  D) defined as the money in your savings account.
  E) the value of all the things that a person owns.

Question 2

The President proposes a reduction of personal income marginal tax rates in the United States. When marginal tax rates are reduced, there is
 
  A) a decrease in the magnitude of the expenditure multiplier.
  B) an increase in the magnitude of the expenditure multiplier.
  C) a decrease in the marginal propensity to consume.
  D) no change in the slope of the AE line.
  E) an increase in the marginal propensity to consume.

[rleezy04]

Answer to Question 1

E

Answer to Question 2

B

[PhilipSeeMore]

Correct answers!

[rleezy04]

Great! Please up vote