When uncertainty over the timing of death is added to the LCH, this ________ the planning horizon and ________ the MPC for transitory income
A) shortens, raises
B) shortens, lowers
C) lengthens, raises
D) lengthens, lowers
D
Economics
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If an increase in investment of $50 causes an increase in real GDP of $250, the value of the spending multiplier is:
a. 5. b. .20. c. .80. d. 3. e. 10.
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The amount a firm receives after all costs have been paid.
a. Marginal Revenue b. Marginal Profit c. Profit d. Revenue
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What key assumption for perfect competition would lead you to believe that fast food is not a perfectly competitive industry explain why.
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According to Okun's Law, if unemployment rises by 5 percent while imports and exports increase at roughly the same rate, the economy will lose output equal to
A. 1 percent. B. 10 percent. C. 2 percent. D. 5 percent.
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