Refer to the Above Data

question 164

Multiple Choice

Refer to the above data.At the $200 level of disposable income:

• A)the marginal propensity to save is 2¹/₂ percent.
• B)dissaving is $5.
• C)the average propensity to save is .20.
• D)the average propensity to consume is .80.

Evaluate the effectiveness of fiscal and monetary policies in managing economic fluctuations.

Interpret the potential outcomes of variations in the money supply on price levels and economic output.

Understand the basic concepts and assumptions of the quantity theory of money.

Grasp the relationship between money supply (M), velocity of money (V), price level (P), and real output (Q) in determining GDP.

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