If Y = 500 billion, autonomous consumption = 300 billion, and the ...

[wrbasek0]

If Y = 500 billion, autonomous consumption = 300 billion, and the marginal propensity to save = 0.20, then saving will equal:
 a. 200 billion.
  b. 200 billion.
  c. 100 billion.
  d. 100 billion.
  e. 40 billion.

Question 2

If the national debt rises to the debt ceiling and there is currently a budget ________, the Congress and the President must agree to ________ the debt ceiling or else the federal government will have insufficient funds to pay its bills and will be forced to shut down.
 a. surplus, lower
  b. deficit, raise
  c. surplus, lower
  d. none of the above

[mmpiza]

Answer to Question 1

a

Answer to Question 2

b