Author Question: The multiplier will be greater, other things being equal: a. the smaller the fraction of each ... (Read 62 times)

wrbasek0 · **on:** Jun 30, 2018

The multiplier will be greater, other things being equal:
a. the smaller the fraction of each dollar earned that goes to taxes.
b. the larger the MPC.
c. the smaller the fraction of each dollar of disposable income that goes to saving.
d. all of the above are true.

Question 2

By Gresham's law, commodity money will always drive out fiduciary money.
a. True
b. False
Indicate whether the statement is true or false