1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
antoniya [11.8K]
3 years ago
14

Consider a hypothetical closed economy in which households spend $0.70 of each additional dollar they earn and save the remainin

g $0.30. the marginal propensity to consume (mpc) for this economy is , and the spending multiplier for this economy is .
Business
1 answer:
Gekata [30.6K]3 years ago
5 0

Answer:

$0.70 and 3.3

Explanation:

Data provided in the question

Household spending for each additional dollar = $0.70

And, the remaining amount = $0.30

So in the given case,

The marginal propensity to consume (MPC) = household spending for each additional dollar i.e $0.70

And, the Spending multiplier is

= 1 ÷ 1 - MPC

= 1 ÷ 1 - $0.70

= 1 ÷ $0.30

= 3.3

You might be interested in
logistics plans are executed and altered over the many years of deployed operation, with operations and support (O
Maru [420]

Logistics Planning. Logistics is the process that creates value by timing and positioning inventory; it is the combination of a firm's order management, inventory, transportation, warehousing, materials handling, and packaging as integrated throughout a facility network.

<h3>How do I create a logistics plan?</h3>
  • Have Reliable and Good Suppliers. Every company needs to get products and materials needed to produce its product. ...
  • Optimize Inventory Management. ...
  • Integrate the Company Divisions. ...
  • Meet Deadlines and Keep your Word.

<h3>How long is a Air Force logistics Tech School?</h3><h3>27 days</h3>

This initial training is required for all non-prior service personnel and is 8.5 weeks long.

After graduation from basic training, you'll be sent to your tech school at Lackland Air Force Base (the same base as basic training), which is 27 days long.

Learn more about logistics here:

<h3>brainly.com/question/25743558</h3><h3 /><h3>#SPJ4</h3>
4 0
1 year ago
What three colors are used to create the color white on a tv or computer screen?
vivado [14]
Red yellow and blue because when they are all moved at a high speed they combine to make white
8 0
3 years ago
Read 2 more answers
In a market without price controls, producers charge ____ for their goods and services. This price allows producers to supply th
777dan777 [17]

Answer:

equilibrium prices

Explanation:

yeah-ya

3 0
2 years ago
Assume that the reserve requirement for the commercial banks is 25%. If the Federal Reserve Banks buy $3 billion in government s
faltersainse [42]

Answer:

The lending ability will increase by $2.25 billion.

Explanation:

The reserve requirement is given at 25%.

If federal reserve bank buys $3 billion in government securities, the total reserve will increase by $3 billion.

The excess reserve will be

=Increase in total reserve-required reserve

=$3 billion-25% of $3

=$(3 billion- .25*3) billion

=$(3-0.75) billion

=$2.25 billion

5 0
3 years ago
For effective price discrimination to occur, a seller must:
Bess [88]

Answer:

In order for effective price discrimination to occur, the seller must have a downward sloping demand curve.  

Explanation:

The seller must also have at least two identifiable groups of customers with price elasticities of demand for the product, and the seller must be able to prevent customers from reselling the product.

8 0
2 years ago
Other questions:
  • Identify each of Knox​ Industries' transactions listed below as operating​ (O), investing​ (I), financing​ (F), noncash investin
    9·1 answer
  • Each time a politician or celebrity writes a book, bookstores can expect at least some customers to want the book, but whether o
    8·1 answer
  • _____ optimists point out how the internet vastly expands the range of political commentary.
    8·1 answer
  • The price of a swimming pool has been discounted 16.5%. the sale price is $1152.30. find the original list price of the pool.
    13·1 answer
  • Being undecided on what to do with $100,000 just received on F's policy, decides to leave the proceeds on deposit with the insur
    13·1 answer
  • The What-Not Shop owns the building in which it is located. This building initially cost $647,000 and is currently appraised at
    5·1 answer
  • Mobile Minutes Company offers Nate an unlimited number of monthly phone minutes for $4.50 per month. Nate accepts. If a dispute
    14·1 answer
  • Someone give snap please so we can get to know each other
    11·1 answer
  • Phil used his rental property for personal use for 7 days and rented it for 63 days. In most cases, what percentage of his expen
    8·1 answer
  • In the figure below, ∆LMN is an equilateral triangle, side \overline {LM} LM is bisected by O, side \overline {LN} LM is bisecte
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!