If the marginal propensity to consume were two-thirds, the multiplier would be
a. 1 1/2.
b. 1/3.
c. 1 2/3.
d. 3.
d. 3.
You might also like to view...
The interest rate on seasonal credit equals
A) the federal funds rate. B) the primary credit rate. C) the secondary credit rate. D) an average of the federal funds rate and rates on certificates of deposits.
In 2010, doubts were raised about the debt of all of the following countries EXCEPT
A) Ireland. B) Greece. C) Poland. D) Portugal.
By definition, M1 includes:
a. savings accounts. b. money market mutual accounts. c. small denomination time deposits. d. checkable deposits.
If foreign input prices increase and the United States is a purchaser of those inputs, then the U.S
A) AD curve will shift leftward and U.S. prices will fall. B) AD curve will shift rightward and U.S. prices will rise. C) SRAS curve will shift leftward and U.S. prices will rise. D) SRAS curve will shift rightward and U.S. prices will fall