Q1. If consumption is $25,000 when income is $26,000 also consumption rises to $25,900 when income rises to $28,000 the marginal propensity to consume is:

Q2. When politicians using polling data emphasize issues to polls have given more importance than necessary they have fallen for the

Q3. An economy is described by the following equations:

C = 1,800 + 0.6 (Y-T)
IP = 900
G = 1,500
NX = 100
T = 1,500
Y* = 9,000

a. Find a numerical equation linking planned aggregate expenditure to output.