Answer to Question #178499 in Macroeconomics for BISMARK KWAME

Question

1.      In a small open economy the interest rate cannot deviate from the world interest rate in the long run. A) Yes b) No  c) Do not answer

2.      Winning the lottery affects the consumer’s permanent income?

A)    Yes   b) Noc) Do not answer

3.      According to the Keynesian consumption function, the average propensity to consume is constant a) Yes  b) No  c) Do not answer

Answer 1

$$Solution$$

$1]A\\ 2]B\\ 3]B$