Question
Each question has 8-9 parts, depending on the work. Please answer every part. Thank you. -...
Each question has 8-9 parts, depending on the work. Please answer every part. Thank you.
-
Suppose C = 200 + .8 Y What is the corresponding Savings function? S= ?
Group of answer choices
- 200 + .2Y
200 + .2Y
-200 + .8 Y
- 200 - .2Y
-
Suppose S = -150 + .25 Y What is the corresponding Consumption function? C= ?
Group of answer choices
- 150 - .25Y
150 + .25 Y
150 - .75Y
150 + .75 Y
-
Suppose C = 200 + .8 Y Also assume that income is equal to $1,000. What is the Marginal Propensity to Consume (MPC)?
Group of answer choices
1,000
200
0.2
0.8
1.0
-
Suppose C = 200 + .8 Y Also assume that income is equal to $1,000. What is the Average Propensity to Consume (APC)?
Group of answer choices
1,000
200
0.8
0.2
1.0
-
Suppose C = 200 + .8 Y Also assume that income is equal to $1,000. What is the equilibrium level of income (Y*)?
Group of answer choices
1,000
200
800
1,200
none of the above
-
Suppose C = 200 + .8 Y Also assume that income is equal to $1,000. What is the Marginal Propensity to Save (MPS)?
Group of answer choices
1,000
0.8
0.2
200
1.0
-
Suppose C = 200 + .8 Y What is the value of the government spending MULTIPLIER in this example?
Group of answer choices
0.2
4
5
0.8
-
Suppose C = 200 + .8 Y What is the value of the TAX MULTIPLIER in this example?
Group of answer choices
- 5
- 4
0.8
- 0.2
-
Suppose C = 200 + .8 Y Also assume that income is equal to $1,000. What is the level of savings? S = ?
Group of answer choices
0
200
-200
1,000
-
The percentage of one’s income that is consumed or spent is called …
Group of answer choices
the average propensity to consume.
the marginal propensity to consume.
the marginal propensity of income.
the average propensity to save.
the marginal propensity to save.
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