All of the following are true statements about the multiplier except
A) the multiplier effect occurs when autonomous expenditure changes.
B) the multiplier is a value between zero and one.
C) the smaller the MPS, the larger the multiplier.
D) the multiplier rises as the MPC rises.
B
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What played the largest role in the formation of poor black ghettos?
A. Welfare B. High birth rates among unwed mothers C. The migration of black middle- and working-class families from poor black neighborhoods in the 1960s and 1970s D. Rising employment discrimination
Based on the following information, the value of the M1 measure of the money supply is ________ and the value of the M2 measure of the money supply is ________.AssetsBillions of DollarsCurrency20Demand deposits300Money market mutual funds800Traveler's checks10Savings deposits1,800Other checkable deposits200Small denomination time deposits1,100
A. $530 billion; $4,230 billion B. $330 billion; $4,230 billion C. $520 billion; $4,320 billion D. $530 billion; $3,700 billion
When people try to benefit from a public good without paying for it, we call it the:
A. free-rider problem. B. duopolists' dilemma. C. public goods problem. D. taxation problem.
It is generally agreed that in the long run the cost of private health insurance provided by employers is:
A. at the expense of business profits. B. at the expense of real wages. C. paid by taxpayers through government. D. included as taxable income for income tax purposes.