If disposable income rises from $15,000 to $20,000 and the marginal propensity to consume equals 0.9, then saving must increase by $500
a. True
b. False
Indicate whether the statement is true or false
True
Economics
You might also like to view...
The official settlements account records the change in official U.S. reserves
Indicate whether the statement is true or false
Economics
Statistical correlation always implies causation
a. True b. False Indicate whether the statement is true or false
Economics
An economic boom in the United States will tend to cause booms in other countries because as U.S. GDP rises, U.S
a. tariffs will automatically fall. b. exports will rise. c. imports will rise. d. exports will fall.
Economics
Firms in a perfectly contestable market will earn higher profits than firms in markets that are not perfectly contestable.
Answer the following statement true (T) or false (F)
Economics