The simplified spending multiplier is calculated as:
A. 1/(1 ? MPC).
B. ?1/(1 ? MPC).
C. ?MPC/(1 ? MPC).
D. (1 ? MPC) × ?MPC.
A. 1/(1 ? MPC).
Economics
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Japan did not lead the world in automobile production in the 1950s because _________________________.
Economics
The collection of rent by landlords was opposed by
A. Pierre-Joseph Proudhon. B. Henry George. C. both Henry George and Pierre-Joseph Proudhon. D. neither Henry George nor Pierre-Joseph Proudhon.
Economics
When external costs result from the production of a good,
A. Consumers have an incentive to consume too little. B. Producers and consumers are not affected. C. Both producers and consumers have an incentive to produce and consume too much. D. Producers have an incentive to produce too little.
Economics
Transaction money is
A. M1. B. M2. C. M3. D. M4.
Economics