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 77 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 most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Summary of greenhouse experimental design and results Summary of greenhouse experimental design and results
Crossing Over Results in Genetic Recombination p2 Crossing Over Results in Genetic Recombination p2
Global energy consumption is rising rapidly Global energy consumption is rising rapidly
Results from Kliegl's study show that older adults can learn complex information-processing Results from Kliegl's study show that older adults can learn complex information-processing
The results of a cytogenetic survey of over 4,000 miscarriages show a wide variation in how often sp The results of a cytogenetic survey of over 4,000 miscarriages show a wide variation in how often sp
Predictions for the results of mutation of an overlapping and a nonoverlapping genetic code Predictions for the results of mutation of an overlapping and a nonoverlapping genetic code
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library