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Author Question: Mathematically, the value of the spending multiplier in terms of the marginal propensity to consume ... (Read 107 times)

tth

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on: Jun 30, 2018
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.


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angrybirds13579

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

d

Answer to Question 2

d


tth

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Reply 2 on: Jun 30, 2018
Excellent

smrtceo

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Reply 3 on: Yesterday
:D TYSM

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