The MPC can be defined as that fraction of a:
A. change in income that is not spent.
B. change in income that is spent.
C. given total income that is not consumed.
D. given total income that is consumed.
B. change in income that is spent.
You might also like to view...
Refer to Figure 9.2. A movement from point d to point a could be caused by a simultaneous ________ and ________
A) increase in the money supply; massive crop failure B) decrease in the money supply; increase in the price of oil C) decrease in taxes; decrease in the money supply D) decrease in government spending; decrease in the price of oil
Why should we be concerned with inequality among those above the poverty line?
What will be an ideal response?
Suppose that Figure 10.4 shows an industry's market demand, its marginal revenue, and the production costs of a representative firm. If the industry was perfectly competitive, a representative firm would charge a price of:
A. $35. B. $25. C. $20. D. $16.
To ensure that ________ will be accepted, the U.S. government implicitly promises the public that it will not print money so fast that it loses its value.
A. commodity money B. barter cash C. paper money D. exchange rates