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Author Question: Mathematically, the value of the tax multiplier in terms of the marginal propensity to consume (MPC) ... (Read 65 times)

CBme

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on: Jun 30, 2018
Mathematically, the value of the tax 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 / (1  MPC).

Question 2

The equation specifying a direct relationship between the money supply and prices is the quantity theory of:
 a. money.
  b. prices.
  c. exchange.
  d. spending.
  e. dollars.


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brittrenee

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

d

Answer to Question 2

a


CBme

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Reply #2 on: Jun 30, 2018
Correct answers!


brittrenee

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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