If the MPC = .75, the spending multiplier is:
a. 4.
b. 5.
c. 1.33.
d. 1.20.
e. .25.
a
Economics
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A benefit that accrues to people other than the buyer of a good is known as ________ benefit
A) an internal B) an external C) a marginal D) a total E) a subsidized
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Are checkable deposits really money?
A) No, because they are only commercial bank liabilities, not government liabilities. B) No, because they are ultimately only entries in the balance sheets of commercial banks. C) Yes, because they can be converted on demand into currency or coin. D) Yes, because they can be used to make purchases and pay debts.
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