Answered You can hire a professional tutor to get the answer.
QUESTION
Consumption smoothing mechanism can be explained by a constant value of marginal propensity to consume.
- Consumption smoothing mechanism can be explained by a constant value of marginal propensity to consume.
- In two large open economy model, if both economies increase government expenditure, then the global imbalance stays the same and thus the world interest rate is constant.
TRUE OR FALSE
