When the government taxes and spends, each activity affects GDP in the same proportion
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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If the multiplier is 4, the marginal propensity to consume (MPC) must be
A) 0.5. B) 0.25. C) 0.75. D) 1.
Economics
Under TANF, all state programs must be identical
Indicate whether the statement is true or false
Economics
Inflation tends to redistribute real income from lenders to borrowers.
Answer the following statement true (T) or false (F)
Economics
What is the difference between accounting profit and economic profit?
What will be an ideal response?
Economics