Author Question: The fraction of a change in disposable income that is spent on consumption is the A) marginal ... (Read 107 times)

Anajune7 · **on:** Jun 29, 2018

The fraction of a change in disposable income that is spent on consumption is the

A) marginal propensity to consume.
B) marginal dissaving ratio.
C) expected future disposable income.
D) marginal buying power of money.
E) marginal propensity to dissave.

Question 2

In 2008, the current account balance was -706 billion and the capital and financial account balance was +711 billion. Therefore, the official settlements account balance was ________ and the balance of all payments accounts summed was ________.

A) -5 billion; zero
B) negative; negative
C) positive; positive
D) +5 billion; zero
E) not enough information to determine; negative