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Author Question: The average price of a share of stock on the New York Stock Exchange falls by 30 percent. Other ... (Read 213 times)

ashley

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on: Jun 30, 2018
The average price of a share of stock on the New York Stock Exchange falls by 30 percent. Other things being equal, we would expect
 
  A) a shift up of the consumption function.
  B) an increase in the marginal propensity to consume.
  C) a decrease in the marginal propensity to consume.
  D) a shift down of the consumption function.

Question 2

The liquidity of money refers to
 
  A) the amount of gold it is backed by.
  B) how quickly it can be disposed of without high transaction costs.
  C) asymmetric information.
  D) the standard of deferred payments and how quickly those payments can be made.


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wshriver

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

D

Answer to Question 2

B


ashley

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Reply #2 on: Jun 30, 2018
Correct answers!


wshriver

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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