Which of the following is true of the simple spending multiplier?
What will be an ideal response?
reciprocal of marginal propensity to save
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Average revenue is slightly higher than price.
Answer the following statement true (T) or false (F)
Under rent controls
A) there is a shortage of rental units. B) the quantity supplied of rental units is greater than it would be under freely competitive markets. C) there is less government involvement in rental markets overall because there is a better supply of low-income housing. D) all renters are better off than under freely competitive markets.
The value of what is produced per worker, or per hour worked, is called ____________.
a. economic growth b. human capital c. productivity d. GDP per capita
When budget deficits take place in a high-employment economy, the effect is an increase in capital stock
a. True b. False Indicate whether the statement is true or false