If the MPC is .75, the multiplier is
A. .25.
B. .75.
C. 1.
D. 4.
D. 4.
Economics
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Individuals face scarcity; whole societies do not
a. True b. False Indicate whether the statement is true or false
Economics
The main policy tool for manipulating consumer spending is personal income tax, but this tool takes time to have an effect
a. True b. False Indicate whether the statement is true or false
Economics
The duopoly price provides a greater incentive to maintain cartel pricing than does the grim- trigger strategy.
Answer the following statement true (T) or false (F)
Economics
The research by Robert Hall on the theory of consumption suggests that the best forecast of consumption for next year would be
A) unpredictable. B) random. C) this year's consumption. D) last year's consumption.
Economics