The larger the value of the marginal propensity to save (MPS)
A. the smaller is the value of the multiplier.
B. the larger is the value of autonomous consumption.
C. the larger is the value of the marginal propensity to consumption (MPC).
D. the larger is the value of the multiplier.
Answer: A
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a. 3% b. 10% c. 27% d. 40%
The interest rate at which the present value of costs equals the present value benefits is the
A. coupon interest rate. B. internal rate of return. C. yield to maturity. D. market interest rate.
A production possibilities curve with quantities of clothing and food on the axes shows which of the following?
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A. floatation B. hiccup C. balloon D. bubble