[Answered] According to the equation of exchange, if V = 5, P = 100, and Q = 10, the M is: a. 20. b. 10. c. ...

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Author Question: According to the equation of exchange, if V = 5, P = 100, and Q = 10, the M is: a. 20. b. 10. c. ... (Read 63 times)

Engineer

Hero Member
Posts: 527

on: Jun 30, 2018

According to the equation of exchange, if V = 5, P = 100, and Q = 10, the M is:
a. 20.
b. 10.
c. 500.
d. 1,000.
e. 200.

Question 2

If the marginal propensity to consume (MPC) is 0.50, the value of the spending multiplier is:
a. 5.
b. 1.
c. 2.
d. 5.

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karlss

Sr. Member
Posts: 321

Reply #1 on: Jun 30, 2018

Answer to Question 1

e

Answer to Question 2

c

Engineer

Member
Posts: 527

Reply 2 on: Jun 30, 2018

Thanks for the timely response, appreciate it

cdmart10

Member
Posts: 332

Reply 3 on: Yesterday

Excellent

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