The sum of the marginal propensity to consume (MPC) and the marginal propensity to save (MPS) always equals:

According to the above table, the value of M1 is

A) $1,205 billion. B) $1,213 billion. C) $1,888 billion. D) $1,629 billion.

Suppose Gina and Henry play two rounds of the ultimatum game. In the first round they play for $10; in the second round they play for $1,000. In the first round Gina suggests an 80/20 split ($8 to Gina, $2 to Henry), but Henry quickly rejects the offer

as unfair. If in the second round Gina offers the same split ($800 to Gina, $200 to Henry), research by behavioral economists suggests that Henry will: A. accept the offer because the dollar amount he would forgo by rejecting is substantial. B. counteroffer with a more even split. C. weigh the offer much more carefully because of the dollar amounts involved but ultimately reject the offer. D. exhibit a stronger negative reaction than the first time and ultimately reject the offer.