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

Author Question: The fraction of each added dollar of income that is used for consumption is called the: a. average ... (Read 39 times)

sarasara

  • Hero Member
  • *****
  • Posts: 521
The fraction of each added dollar of income that is used for consumption is called the:
 a. average propensity to consumer (APC).
  b. autonomous consumption rate (ACR).
  c. marginal consumption propensity (MCP).
  d. marginal propensity to consume (MPC).

Question 2

Since classical economists believe that both V and Q are constants for an economy in short-run equilibrium, the equation of exchange becomes a theory in which:
 a. the quantity of money explains prices.
  b. the quantity of money explains velocity.
  c. the quantity of money explains real GDP.
  d. changes in M cause changes in V.
  e. prices are never flexible



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Loise Hard

  • Sr. Member
  • ****
  • Posts: 340
Answer to Question 1

d

Answer to Question 2

a




sarasara

  • Member
  • Posts: 521
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


LegendaryAnswers

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

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?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

For a complete list of videos, visit our video library