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Author Question: If the MPC is 2/3, then 2/3 of the effect of an increase in government purchases on aggregate demand ... (Read 39 times)

FButt

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on: Jun 30, 2018
If the MPC is 2/3, then 2/3 of the effect of an increase in government purchases on aggregate demand will come from increased consumption.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following is not true about a special drawing right (SDR)?
 a. The SDR is a composite currency.
  b. The value of the SDR is an average of the values of the currencies of major industrial countries.
  c. The SDR was created in 1980 by the World Bank.
  d. The SDR is an international reserve asset.
  e. The SDR is used to settle international debts.


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IAPPLET

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

True

Answer to Question 2

c


FButt

  • Member
  • Posts: 519
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

xthemafja

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  • Posts: 348
Reply 3 on: Yesterday
Great answer, keep it coming :)

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