If Y = $500 billion, autonomous consumption = $400 billion, and the marginal propensity to save = 0.20, then saving will equal:
a. ?$300 billion.
b. $300 billion.
c. $0.
d. $80 billion.
e. ?$80 billion.
a
You might also like to view...
Early nineteenth century banks primarily
(a) enabled small savers to buy shares in a diversified portfolio of investments. (b) accepted and managed checkable deposits. (c) provided a broad range of financial services. (d) relied on a federal safety fund in times of well spread crisis.
Refer to the above figure. Moving from point A to point B indicates
A) an increase in supply. B) an increase in quantity supplied. C) a decrease in supply. D) a decrease in quantity supplied.
According to Milton Friedman, a person's MPC will change as their actual income changes
Indicate whether the statement is true or false
When G = T the government is running a budget deficit
Indicate whether the statement is true or false