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Author Question: Refer to Figure 11.2. Suppose that Ca = 40, MPC = 0.8, I = 10. What is the value of consumption in ... (Read 44 times)

bobbysung

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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


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mistyjohnson

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


bobbysung

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Joy Chen

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Reply 3 on: Yesterday
:D TYSM

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