A change in autonomous spending leads to an even greater change in total spending through the multiplier process
Indicate whether the statement is true or false
True
You might also like to view...
If there are ten firms in a market and each has an equal market share, the Herfindahl-Hirschman Index (HHI) is ________.
A) 10,000 B) 1,000 C) 100 D) 1,500
What is the price of funds in the loanable funds market?
a. The real wage rate b. The Consumer Price Index c. The interest rate d. The profit rate e. The GDP price index
Suppose a monopolist's marginal revenue equals marginal cost at an output of 100 . If price is $250, and average cost is $50 at this output, compute the monopolist's profit?
a. Profit = $250 b. Profit = $150 c. Profit = $15,000 d. Profit = $20,000
Which of the four criteria for an ideal voting system is demonstrated when everyone in a town prefers spending on improved public transportation systems instead of public parks, and transportation spending wins?
A. No dictator B. Unanimity C. Independence of irrelevant alternatives D. Transitivity