This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The marginal propensity to consume (MPC) is defined as: a. the additional consumption that results ... (Read 120 times)

tingc95

  • Hero Member
  • *****
  • Posts: 556
on: Jun 30, 2018
The marginal propensity to consume (MPC) is defined as:
 a. the additional consumption that results from one dollar increase in disposable income.
  b. the fraction of total disposable income that households spend on consumption.
 c. the fraction of total disposable income that households save.
 d. the additional disposable income households earn in a given period.

Question 2

When the price level increases, the effect of a change in government spending on real GDP will be understated.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jordin Calloway

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


tingc95

  • Hero Member
  • *****
  • Posts: 556
Reply #2 on: Jun 30, 2018
Correct answers!


Jordin Calloway

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Examples of the results of sexual selection, a type of natural selection. Examples of the results of sexual selection, a type of natural selection.
(a) Feeding by bear on salmon results in large allochthonous inputs of nutrients into (b) the forest (a) Feeding by bear on salmon results in large allochthonous inputs of nutrients into (b) the forest
(A) Scratch test; patient is exposed to allergens through a light scratch on the skin; (B) Positive (A) Scratch test; patient is exposed to allergens through a light scratch on the skin; (B) Positive
Globalized Consumption Globalized Consumption
The Brain and Alcohol As you consume more alcohol, additional areas of your brain are affected The Brain and Alcohol As you consume more alcohol, additional areas of your brain are affected
The chromosomal explanation of the results of the X-linked crosses The chromosomal explanation of the results of the X-linked crosses
Video: Stomach peristalsis - Movement of Food Through the Small Intestine

For a complete list of videos, visit our video library