Should autonomous consumption fall by one dollar, the effect of this on equilibrium income can be offset if government expenditure
A) falls by one dollar.
B) rises by one dollar.
C) falls by 1/(1 - c) dollars.
D) rises by 1/(1 - c) dollars.
E) rises by c/(1 - c) dollars.
B
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Pessimists among the classical economists were least able to foresee the continual advancement in
a. managerial techniques b. technology c. birth control methods d. geographic discovery e. all of the above
Why does perfect competition shun advertising? Does advertising benefit a monopoly?
What will be an ideal response?
Marginal utility has a negative slope. This is because of the
a. optimal purchase rule. b. law of increasing costs. c. law of diminishing marginal utility. d. marginal rate of substitution.
A call option described as at the money would find:
A. the option has been exercised. B. the market price of the stock is above the strike price. C. the market price of the stock is below the strike price. D. the market price of the stock equals the strike price.