The slope of the planned expenditure line is

A) autonomous consumption.
B) the marginal propensity to save.
C) autonomous planned spending.
D) the marginal propensity to consume.


D

Economics

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Market equilibrium: i. can never occur because there are always people who want a good but cannot afford it. ii. occurs at the intersection of the supply and demand curves. iii. is the point where the price equals the quantity.

A) ii only B) iii only C) ii and iii D) i only E) i and ii

Economics

A strategy is weakly dominated if:

A. there are no other strategies that yield higher payoffs, regardless of others' choices. B. there is some other strategy that yields a strictly higher payoff regardless of others' choices. C. there is some other strategy that yields a strictly higher payoff in some circumstances and that never yields a lower payoff regardless of others' choices. D. there is some other strategy that yields a strictly higher payoff in some circumstances and may yield a lower payoff, depending upon other players' choices.

Economics

For a profit-maximizing monopolist, the price of a product is: a. always equal to marginal revenue

b. always greater than marginal revenue. c. always less than marginal revenue. d. always equal to the average total cost of production.

Economics

Monetary policy is the system of actions taken by the Fed to influence the money supply

a. True b. False Indicate whether the statement is true or false

Economics