The marginal propensity to save MPS is equal to the ratio of O a. Total savings to additional real disposable national income O b. Additional savings to additional real national income if the average income tax rate is equal to 30% O c. The inverse of the government expenditures multiplier O d. Additional savings to additional real disposable national income O e. Marginal propensity to consume MPC plus one Everything else equal, full employment real GDP O a. is the level of real GDP that corresponds to a zero unemployment rate O b. increases as the money supply in the economy increases c. increases as the inflation rate rises O d. O e. does not vary with the inflation rate does not change when the capital stock and the labor force increase According to the Keynesian theory of the short run aggregate supply SAS curve, along a short run aggregate supply SAS curve O a. The growth rate of nominal wages is constant O b. The aggregate quantity supplied AQS is constant O c. The real wage is constant O d. The growth rate of nominal wages is adjusted to take in consideration the changes in the inflation rate e. The actual inflation rate is constant

Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
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The marginal propensity to save MPS is equal to the ratio of
O a. Total savings to additional real disposable national income
O b. Additional savings to additional real national income if the average income tax rate is equal to 30%
O c.
The inverse of the government expenditures multiplier
O d.
Additional savings to additional real disposable national income
O e.
Marginal propensity to consume MPC plus one
Everything else equal, full employment real GDP
O a. is the level of real GDP that corresponds to a zero unemployment rate
O b.
increases as the money supply in the economy increases
increases as the inflation rate rises
O c.
O d. does not change when the capital stock and the labor force increase
O e. does not vary with the inflation rate
According to the Keynesian theory of the short run aggregate supply SAS curve, along a short run aggregate
supply SAS curve
O a. The growth rate of nominal wages is constant
O b. The aggregate quantity supplied AQS is constant
O c.
The real wage is constant
O d.
The growth rate of nominal wages is adjusted to take in consideration the changes in the inflation rate
O e. The actual inflation rate is constant
Transcribed Image Text:The marginal propensity to save MPS is equal to the ratio of O a. Total savings to additional real disposable national income O b. Additional savings to additional real national income if the average income tax rate is equal to 30% O c. The inverse of the government expenditures multiplier O d. Additional savings to additional real disposable national income O e. Marginal propensity to consume MPC plus one Everything else equal, full employment real GDP O a. is the level of real GDP that corresponds to a zero unemployment rate O b. increases as the money supply in the economy increases increases as the inflation rate rises O c. O d. does not change when the capital stock and the labor force increase O e. does not vary with the inflation rate According to the Keynesian theory of the short run aggregate supply SAS curve, along a short run aggregate supply SAS curve O a. The growth rate of nominal wages is constant O b. The aggregate quantity supplied AQS is constant O c. The real wage is constant O d. The growth rate of nominal wages is adjusted to take in consideration the changes in the inflation rate O e. The actual inflation rate is constant
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