Increases in ________ typically lead to decreases in private saving
A) the interest rate
B) disposable income
C) autonomous consumption
D) all of the above
E) none of the above
C
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Assume a firm has decided to undertake a limit pricing strategy. For the strategy to be successful, the firm does not need to actually possess a cost advantage over potential entrants
Rather, the firm simply has to be able to convince potential entrants that it does, in fact, possess an advantage. Indicate whether the statement is true or false
The idea that expectations can affect the velocity of money is a critical factor in understanding
a. the Keynesian view of the quantity theory of money b. the classical view of the quantity theory of money c. the monetarist view of the quantity theory of money d. why GDP must increase when the price level increases e. why price changes cause inflation
If John's willingness to pay for a good is $20 and the price of the good is $15, how much is John's consumer surplus from purchasing the good?
If the production function is Q = KL and capital is fixed at 1 unit, then the marginal product of labor when L = 25 is:
A. 15. B. ΒΌ. C. 1/10. D. None of the answers are correct.