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Author Question: Use the aggregate expenditures model and assume the marginal propensity to consume (MPC) is 0.90 . A ... (Read 32 times)

tichca

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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


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mtmmmmmk

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

e

Answer to Question 2

True


tichca

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Reply 2 on: Jun 30, 2018
Excellent

ebonylittles

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Reply 3 on: Yesterday
Gracias!

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