In the Keynesian model, the larger the marginal propensity to consume, the:
a. larger the multiplier.
b. larger the marginal propensity to save.
c. higher the income level of the economy.
d. smaller the change in income derived from a given change in government spending.
a
Economics
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Stagflation occurs when
A) inflation rises and GDP falls. B) inflation falls and GDP falls. C) inflation rises and GDP rises. D) inflation falls and GDP rises.
Economics
For barter exchange to take place,
a. there has to be a double coincidence of wants b. the goods must be divisible c. money must be assigned to each barter transaction to indicate the values exchanged d. no less than four parties (at least two sellers, two buyers) to the exchange are needed e. gold has to be one of the goods traded
Economics