[Answered] Refer to Figure 11.2. Suppose that Ca = 40, MPC = 0.8, I = 10. What is the value of consumption in ...

This topic contains a solution. Click here to go to the answer

Author Question: Refer to Figure 11.2. Suppose that Ca = 40, MPC = 0.8, I = 10. What is the value of consumption in ... (Read 35 times)

bobbysung

Hero Member
Posts: 519

on: Jun 30, 2018

Refer to Figure 11.2. Suppose that Ca = 40, MPC = 0.8, I = 10. What is the value of consumption in equilibrium?

A) 32 B) 80 C) 240 D) 320

Question 2

Who benefits from the process of financial intermediation?

A) borrowers only
B) There is no benefit, because money does not create wealth.
C) savers only
D) both savers and borrowers

Need homework help now?

Ask unlimited questions for free

Ask a Question

Marked as best answer by a Subject Expert

mistyjohnson

Sr. Member
Posts: 331

Reply #1 on: Jun 30, 2018

Answer to Question 1

C

Answer to Question 2

D

bobbysung

Member
Posts: 519

Reply 2 on: Jun 30, 2018

Great answer, keep it coming

apple

Member
Posts: 352

Reply 3 on: Yesterday

TYSM

« previous next »

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.