The size of the multiplier depends in part on the
A) level of autonomous expenditures.
B) change in autonomous consumption.
C) level of consumption.
D) marginal propensity to consume.
D
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A public debt that is owed to foreigners can be burdensome because
A. the payment of interest will necessarily have a deflationary effect on prices in the paying nation. B. the payment of interest will conflict with a nation's foreign aid programs. C. the payment of interest reduces the volume of goods and services available for domestic uses. D. foreign interest rates are persistently higher than domestic interest rates.
In national income accounting, the value of worn out or obsolete capital is represented by
A) depreciation. B) transfer payments. C) disposable income. D) dividends.
A pay-as-you-go system means
A. you pay for your dinner as you go to the table to eat. B. current working citizens pay for current retired citizens. C. there is no need for taxes since current workers pay for current retirees. D. retirees are paid from accounts that have accumulated with interest over their working lives.
To a firm in perfect competition, price and marginal revenue are equal
Indicate whether the statement is true or false