When the income multiplier is 3, the marginal propensity to save is
a. 1/(1 + MPC)
b. 0.33
c. 1/(1 – MPC)
d. 0.66
e. none of the above
B
Economics
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The marginal propensity to consume is always
A) equal to zero. B) less than one. C) equal to one. D) greater than one.
Economics
In the foreign exchange market, an increase in the U.S. interest rate leads to ________ in the exchange rate because the supply of dollars ________
A) a fall; decreases B) a rise; increases C) a rise; decreases D) no change; does not change E) a fall; increases
Economics