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 123 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?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

(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
The "Emu in the sky," a constellation defined by dark clouds rather than the stars. The "Emu in the sky," a constellation defined by dark clouds rather than the stars.
Calcium consumption is essential for all people Calcium consumption is essential for all people
An enlarged heart showing the results of cardiomyopathy. An enlarged heart showing the results of cardiomyopathy.
As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ... As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ...
The chromosomal explanation of the results of the X-linked crosses The chromosomal explanation of the results of the X-linked crosses
Video: Brain Anatomy Animation (Part 2 of 2)

For a complete list of videos, visit our video library