When government purchases are increased, the amount of the increase in aggregate demand primarily depends on
A. the size of the multiplier.
B. the average propensity to consume.
C. income taxes.
D. exchange rates.
Answer: A
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A) a downward; increases B) an upward; increases C) an upward; decreases D) no; does not change E) a downward; decreases
Displayed below is the payoff matrix of firm B for four different strategies, B1, B2, B3, and B4, and the potential retaliatory responses of firm A (A1, A2, A3, A4).Table 12-2 ? B1 B2 B3 B4 A1 100 50 25 200 A2 10 60 150 150 A3 50 75 200 75 A4 70 90 250 15 If firm B uses the maximin criterion, which strategy will it choose? ?
A. B1 B. B2 C. B3 D. B4
A corporation has legal status like an individual citizen
a. True b. False Indicate whether the statement is true or false
A quota ordinarily specifies both minimum and maximum amounts of goods that can come into a country
a. True b. False Indicate whether the statement is true or false