The average number of times that a dollar is spent in buying the total amount of final goods and services produced during a given time period is known as
A) gross national product.
B) the spending multiplier.
C) the money multiplier.
D) velocity.
D
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People base their labor supply on the ________ because they care about ________
A) real wage; what their earnings will buy B) real wage; the equality of money wages and the price level C) money wage; a surplus of labor D) money wage; the amount of labor firms demand
If the economy is in a structural stagnation, it can be expected to return to its historical trend soon.
Answer the following statement true (T) or false (F)
In principle, can a monopolist hold its monopoly power in the long run? Explain
What will be an ideal response?
A new entrant can deter the brand advantage enjoyed by an existing firm by
A. offering their product at a comparatively lower price. B. offering government certified products. C. investing in specific assets. D. getting licenses and patents for their products.