Chapter 27 Quiz

Chapter 27 Quiz - 1. (Advanced analysis) Answer the next...

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1. (Advanced analysis) Answer the next question(s) on the basis of the following data:      Which of the following equations represents the saving schedule implicit in the above data? A) S = C - Y d B) S = 40 + .4Y d C) S = 40 + .6Y d D) S = -40 + .4Y d 2.      Refer to the above diagram. The economy is dissaving: A) in the amount CD.
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C) at income level H. D) at income level E. 3.      Refer to the above data. The marginal propensity to consume is: A) .25. B) .75. C) .20. D) .80. 4.      The above schedule indicates that if the real interest rate is 8 percent, then: A) we cannot tell what volume of investment will be profitable. B) $30 billion will be both saved and invested. C) $30 billion of investment will be undertaken . D) $60 billion of investment will be undertaken.
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This note was uploaded on 02/10/2010 for the course ECON 201 taught by Professor Smith during the Spring '10 term at Bowling Green.

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Chapter 27 Quiz - 1. (Advanced analysis) Answer the next...

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