The largest union today is the _____________________.
Fill in the blank(s) with the appropriate word(s).
National Education Association
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In Macroland, autonomous consumption equals 100, the marginal propensity to consume equals 0.75, net taxes are fixed at 40, investment is fixed at 50, government purchases are fixed at 150, and net exports are fixed at 20. Equilibrium output in this economy equals
A. $1,160. B. $1,440. C. $1,000. D. $1,280.
In the purely competitive case, marginal revenue (MR) is equal to:
a. cost b. profit c. price d. total revenue e. none of the above
If older employees are being paid less than their value to the firm, their compensation is being backloaded
Indicate whether the statement is true or false
The substitution effect refers to
A) the law of diminishing marginal utility. B) the want-satisfying power of a good or service. C) substitution of less expensive commodities for more expensive commodities. D) the change in purchasing power when the price of a good changes.