If consumers save 15 cents out of every dollar received, the:
A. Multiplier is 15.
B. MPS is 0.85.
C. MPS is 0.15.
D. Multiplier is 0.15.
C. MPS is 0.15.
Economics
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If each case of detergent were sold at $30, determine the amount of the shortage or surplus that would result.
Consider the market for a Procter and Gamble biodegradable detergent. Suppose that market demand is QD = 120 – 3P, and market supply is QS = –50 + 2P, where P is the price per case and Q is the quantity in thousands per week.
Economics
Discuss some of the government regulations designed to ensure depositors’ safety and to control the money supply.
What will be an ideal response?
Economics