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Author Question: In the above figure, a movement from point B to point C represents A) an increase in the quantity ... (Read 49 times)

RYAN BANYAN

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on: Jun 29, 2018
In the above figure, a movement from point B to point C represents
 
  A) an increase in the quantity of money demanded.
  B) a decrease in the quantity of money demanded.
  C) a decrease in the demand for money that might be the result of an increase in real GDP.
  D) an increase in the demand for money that might be the result of a fall in the price level.
  E) an increase in the demand for money that might be the result of an increase in real GDP.

Question 2

When Joe's disposable income is 50,000, his consumption expenditure is 45,000, and when his disposable income is 60,000, his consumption expenditure is 53,000. Joe's marginal propensity to consume is
 
  A) 100. B) 1.25 C) 80. D) 0.80. E) 8,000.


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manuelcastillo

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

E

Answer to Question 2

D


RYAN BANYAN

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


manuelcastillo

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


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