This topic contains a solution. Click here to go to the answer

Author Question: Mathematically, the value of the spending multiplier in terms of the marginal propensity to consume ... (Read 110 times)

tth

  • Hero Member
  • *****
  • Posts: 579
Mathematically, the value of the spending multiplier in terms of the marginal propensity to consume (MPC) is given by the formula:
 a. MPC  1.
  b. (MPC 1) / MPC.
  c. 1 / MPC.
  d. 1 / (1  MPC).

Question 2

Which one of the following is part of the M2 definition of the money supply, but not part of M1?
 a. Checkable deposits.
  b. Currency held in banks.
  c. Currency in circulation.
  d. Small time deposits of less than 100,000.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

angrybirds13579

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

d

Answer to Question 2

d




tth

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
:D TYSM


chereeb

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Excellent

 

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

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

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

For a complete list of videos, visit our video library