If consumption is 800 when income is 1,000 . the marginal propensity to consume (MPC) must be 0.80. ...

Author Question: If consumption is 800 when income is 1,000 . the marginal propensity to consume (MPC) must be 0.80. ... (Read 76 times)

nenivikky

Hero Member
Posts: 516

on: Jun 30, 2018

If consumption is 800 when income is 1,000 . the marginal propensity to consume (MPC) must be 0.80.
a. True
b. False
Indicate whether the statement is true or false

Question 2

A reduction in the rate of inflation is called:
a. deflation.
b. disinflation.
c. hyperinflation.
d. cost-push inflation.

whitcassie

Sr. Member
Posts: 298

Reply #1 on: Jun 30, 2018

Answer to Question 1

False

Answer to Question 2

b

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