If the MPC is 0.8 and the MPM is 0.3, the open economy multiplier is 5.
Answer the following statement true (T) or false (F)
False
Economics
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Distinguish the laws of demand and supply. How are the laws of demand and supply illustrated graphically?
What will be an ideal response?
Economics
In the classical model, a shift to the right in aggregate demand would result in
A. an increase in the price level. B. a permanent increase in unemployment. C. a permanent shift past full employment. D. a permanent increase in real incomes.
Economics
The falling phase of a business cycle measured by a decrease in real GDP is called:
A) hyperinflation. B) expansion. C) recession. D) peak.
Economics
Price discrimination allows a monopolist to make higher profits.
Answer the following statement true (T) or false (F)
Economics