The nation has its own MPC. When national income increases from $300 billion to $400 billion, national consumption increases from $300 billion to $360 billion. At Y = $400 billion, the MPC is:

As wealth decreases, which of the following is likely to account for a smaller fraction of a saver's portfolio?

A) stocks B) corporate bonds C) cash D) U.S. government securities

Which of the following statements is TRUE?

A) All nations that belong to the International Monetary Fund have equal voting power. B) The voting power of a nation in the International Monetary Fund is determined by its quota subscription. C) The voting power of a nation in the International Monetary Fund is called special drawing rights. D) The voting procedure in the International Fund is determined by the World Bank.