If Trent's MPC is .80, this means that he will:
A. spend eight-tenths of any increase in his disposable income.
B. spend eight-tenths of any level of disposable income.
C. break even when his disposable income is $8,000.
D. save two-tenths of any level of disposable income.
A. spend eight-tenths of any increase in his disposable income.
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A One-Child Policy was instituted in 1979 in ________
A) Brazil B) South Africa C) India D) China
Which of the following accurately describes the relationship between mortgage default rates and the 2008 recession?
a. The recession of 2008 triggered the initial increase in the mortgage default rate. b. The rise in the mortgage default rate preceded the recession and it was a major cause of the 2008 economic downturn. c. Both the increase in the mortgage default rate and the economic recession were the result of the stock market crash of 2008. d. The rise in the mortgage default rate and the economic recession were separate issues and there was no relationship between the two.