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Author Question: Which of the following changes in disposable income would lead to the smallest increase in ... (Read 73 times)

sjones

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  • Posts: 520
on: Jun 30, 2018
Which of the following changes in disposable income would lead to the smallest increase in consumption?
 a. a 20,000 increase in disposable income, if MPC equals 0.5
  b. a 12,000 increase in disposable income, if MPC equals 0.75
  c. a 15,000 increase in disposable income, if MPC equals 0.6
  d. a 30,000 increase in disposable income, if MPC equals 0.25

Question 2

Empirical evidence suggests that the United States ran close to a balanced budget during the World War II.
 a. True
  b. False
  Indicate whether the statement is true or false


gasdhashg

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  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

False


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