If this is a closed economy, the number of TVs exchanged will be ________.
A. 120,000
B. 90,000
C. 60,000
D. 30,000
Answer: C
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Suppose we are working with the simplest possible Keynesian-cross multiplier, but with the permanent-income hypothesis figured in. If k = 0.88,
and j = 0.25, the multiplier of a $1 change in government spending goes from ________ in the short run to ________ in the long run. A) 8.33, 1.28 B) 1.28, 8.33 C) 8.33, 4.00 D) 1.13, 4.00 E) 4.54, 8.33
The required rate of return that an individual demands on a real estate investment is determined in the:
A. user market B. capital market C. government D. local market
"Market power" refers to a firm's ability to:
A. influence the price its competitors charge. B. raise its price without losing all of its sales. C. undercut its competitors' prices. D. force consumers to buy high-priced products.
Experience ratings provide firms with an incentive to:
A. hire older workers. B. invest in health and safety programs. C. hire disabled workers. D. None of these