A given change in disposable income would have the greatest effect on aggregate demand with which of the following marginal propensities to consume?

When the BEA calculates real GDP using the average of prices in the current year and the year preceding it, and this average changes from year to year, this is called calculating GDP using

A) current-year prices. B) fixed-weight prices. C) fixed base-year prices. D) chained-weighted prices.

How do new classical economists differ from Keynesian economists in their assumptions about how government borrowing affects household consumption and borrowing patterns?