Homework Will Never End

If you have any test reviews, homeworks, guides, anything school related that you think can be posted on this website, reach out to me at makingschooleasier@gmail.com   1) The marginal propensity to consume measures A) the cyclical deficit. B) the structural deficit. C) how much consumption expenditure occurs at the equilibrium level of income. D) how much of a change in consumption expenditure results from a change in disposable income. Answer: D 2) Suppose disposable income increases from $11 trillion to $12 trillion. At the same time, consumption expenditure increases from $4.2 trillion to ________. Thus the MPC must equal ________. A) $5.0 trillion; 0.50 B) $5.0 trillion; 0.80 C) $4.4 trillion; 0.40 D) $5.5 trillion; 0.50 Answer: B 3) Which of the following is true? A) The structural deficit changes over the business cycle. B) MPS + MPC = 1. C) At equilibrium expenditure, unplanned changes in inventory must be positive. D) In t