If the marginal propensity to consume is 0.60, the marginal propensity to save will be:
a. greater than 0.60.
b. equal to 0.40

A rational expectation of the inflation rate is

A) always correct. B) a forecast based on the forecasted actions of the Fed and other relevant determinant factors. C) a forecast based only on the historical evolution of inflation over the last 100 years. D) an expected inflation rate between 5 percent and 10 percent. E) an expected inflation rate between 1 percent and 5 percent.

The American Revolution changed the basic structure of private property rights inherited during the colonial period

Indicate whether the statement is true or false