A lower interest rate
A) lowers the marginal propensity to consume out of permanent income.
B) raises the marginal propensity to consume out of permanent income.
C) lowers the proportion of actual income considered to be permanent income.
D) raises the proportion of actual income considered to be permanent income.
B
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Fiscal policy is determined by the Federal Reserve System
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a. True b. False Indicate whether the statement is true or false
Which one of the following would count as investment in the national income accounts?
What will be an ideal response?
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