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

Author Question: Use the aggregate expenditures model and assume the marginal propensity to consume (MPC) is 0.90 . A ... (Read 72 times)

tichca

  • Hero Member
  • *****
  • Posts: 554
on: Jun 30, 2018
Use the aggregate expenditures model and assume the marginal propensity to consume (MPC) is 0.90 . A decrease in government spending of 1 billion would result in a decrease in GDP of:
 a. 0.
  b. 0.9 billion.
  c. 1.0 billion.
  d. 9.0 billion.
  e. 10.0 billion.

Question 2

A majority of the commercial banks in the United States are not members of the Fed.
 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

mtmmmmmk

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

True


tichca

  • Member
  • Posts: 554
Reply 2 on: Jun 30, 2018
Excellent

frankwu0507

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Lynx-hare interactions have served as a model system for the study of the effects o Lynx-hare interactions have served as a model system for the study of the effects o
A single-gene model explains Mendel’s ratios A single-gene model explains Mendel’s ratios
Model Organism Drosophila Model Organism Drosophila
Roberts's Assessment, Crisis Intervention, and Trauma Treatment (ACT) model. Roberts's Assessment, Crisis Intervention, and Trauma Treatment (ACT) model.
The Steady State of the Solow Model The Steady State of the Solow Model
A multistep model for colon cancer. The first mutation, in the APC gene, leads to the formation of p A multistep model for colon cancer. The first mutation, in the APC gene, leads to the formation of p
Video: The Lac Operon in E. Coli

For a complete list of videos, visit our video library