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Author Question: Assume that an increase of 300 in exports leads to an increase of 750 in equilibrium income. If the ... (Read 87 times)

rlane42

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on: Jun 30, 2018
Assume that an increase of 300 in exports leads to an increase of 750 in equilibrium income. If the marginal propensity to import equals 1/10, the marginal propensity to save must be _____.
 a. 0.60
  b. 0.50
  c. 0.40
  d. 0.30
  e. 0.25

Question 2

The law of demand illustrates a(n) ____ relationship between price and ____.
 a. direct; quantity demanded
  b. inverse; quantity demanded
  c. inverse; demand
 d. direct; demand


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Joc

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

d

Answer to Question 2

b


rlane42

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

bbburns21

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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