The multiplier for investment represents the ratio of the change in income to the change in investment spending
Indicate whether the statement is true or false
TRUE
Economics
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Historically, our rate of economic growth has been about _____% a year.
Fill in the blank(s) with the appropriate word(s).
Economics
The present value of a promise to pay $100 one year from now is approximately $90.91 if the interest rate is 10 percent
a. True b. False
Economics
Which one of the following is counted in GDP?
A. Government spending B. Transfer payments C. Intermediate goods D. Leisure time
Economics
When policy changes are temporary, then:
a. exchange rates do not change. b. expectations do not change. c. interest rates do not change. d. expectations can change based on results.
Economics