Answer A.
Alexander Hamilton, John Jay and James Madison written in 1787-88 under the name "Publius" 85 essays on various newspapers of New York.
Answer and Explanation:
Given equation C = $600 billion +0.9Y
Where c = total consumer spending
$600 billion = consumer autonomous spendinf
0.9= marginal propensity to consume(mpc)
Y= income of consumers
A. Marginal propensity to consume(MPC)= 0.9 from equation given
B. Autonomous spending which is spending that is constant =$600 billion from equation given
C. Using equation of consumer spending above, C= $600 billion+0.9Y
With $4200 billion in income, consumers spending =$600 billion+0.9*$4200 billion
=$4380 billion
D. Savings= consumers income-consumers spending= $4200 billion-$4380 billion= -$180 billion
Therefore there was a deficit not saving
Answer:
Treasury department
Explanation:
The FED have control over treasury department " checking account " The federal reserve is also known to set interest rates for short and long term loans and also the federal reserve does not have complete control over the money supply for the country. the federal reserve is been headed/governed by a Governor that is been appointed by the president of the united states of America. while a checking account is A deposit account held in a financial institution that grants easy access
