The concept that increases in spending cause larger increases in equilibrium GDP is known as the
a. profiler.
b. mystifier.
c. multiplier.
d. depreciator.
c
Economics
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If James is willing to sell an extra concert ticket for $40 and actually sells it for $100, his consumer surplus is $60
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following statements is true of the official classification of money? a. Currency is a component of M1, not M2
b. Traveler's checks is a component of M1, not M2. c. M2 includes demand deposits as well as saving accounts. d. M2 excludes demand deposits and saving accounts.
Economics
The advantage of real GDP as a measure is the fact that it only increases
a. True b. False Indicate whether the statement is true or false
Economics
The firm's most efficient output would be
A. 50.
B. 80.
C. 90.
D. 100.
Economics