If the marginal propensity to consume (MPC) is 0.50, the value of the spending multiplier is:

a. 5.
b. 1.
c. 2.
d. 5.

c

Economics

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When people become unemployed because of a higher minimum wage, this type of unemployment is called:

a. frictional. b. structural. c. cyclical. d. abnormal.

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Banks can create

a. income b. power c. wealth d. money e. capital stock

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