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Author Question: If the marginal propensity to consume is 0.85 and there are no imports or income taxes, the ... (Read 90 times)

Tirant22

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on: Jun 29, 2018
If the marginal propensity to consume is 0.85 and there are no imports or income taxes, the expenditure multiplier is equal to
 
  A) 1  (1 - 0.85 ) = 1  0.15 = 1.45.
  B) 0.85  the change in autonomous expenditure.
  C) 0.85  1 = 0.85.
  D) 1  0.85 = 1.176.
  E) 1 - 0.85 = 0.15.

Question 2

In the foreign exchange market, the supply curve of dollars is
 
  A) vertical.
  B) downward sloping.
  C) identical to the demand curve for dollars.
  D) upward sloping.
  E) horizontal.


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alvinum

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

A

Answer to Question 2

D


Tirant22

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Reply 2 on: Jun 29, 2018
Gracias!

meganmoser117

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Reply 3 on: Yesterday
Excellent

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