If the government increased its purchases of goods and services by $12,000, and this resulted in an eventual increase in GDP and income of $60,000, the MPS would be equal to
A) 0.2. B) 0.4. C) 0.8. D) 2.
A
Economics
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Many economists believe that our price indexes ________ the true inflation rate
A) minimize B) overstate C) understate D) perfectly measure
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In the table above, the firm producing the product is
A) a monopoly. B) an oligopoly. C) a duopoly. D) perfectly competitive.
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The least responsive to interest rate changes is the ____ demand for money.
A. transactions B. precautionary C. speculative
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The flatter the demand curve passing through a given point, the less elastic the demand curve at that point
a. True b. False Indicate whether the statement is true or false
Economics