The next questions refer to the following.
An individual is endowed with $100 of income in period 1, and will receive an income of 121 in period 2. The interest rate is 10%, and there are only 2 periods.
-If first period consumption is $80,then second period consumption must be
A) 129
B) 131
C) 141
D) 143
E) 201
Correct Answer:
Verified
Q1: If the consumption function is C =
Q3: The next questions refer to the following
Q4: The marginal propensity to consume is
A) identical
Q5: The Keynesian cross model attributes differences between
Q6: The marginal propensity to consume is
A) consumption
Q7: The next questions refer to the following.
Current
Q8: According to the simple Keynesian model,if disposable
Q9: The expenditure multiplier
A) is defined as the
Q10: The next questions refer to the following.
An
Q11: The next questions refer to the following.
An
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