An increase in the marginal propensity to save (MPS)
A. increases the marginal propensity to consume (MPC).
B. increases autonomous consumption.
C. increases the value of the multiplier.
D. none of these.
Answer: D
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Money is ________
A) an asset B) a unit of measure C) a tool D) all of the above E) none of the above
According to supply-side advocates, the increase in government regulatory activity in the late 1960s slowed economic growth
a. by increasing the cost of producing a given output. b. by requiring capital formation that contributes to increased productivity in terms of measured output. c. only temporarily until there was an adequate adjustment period. d. Both a and b
Which of the following is NOT one class of a market structure?
A. Perfect competition B. Monopolistic competition C. Monopoly D. Dictatorship
One criticism of the corporate income tax is that
A. it is so complex to administer that corporate income taxes are rarely collected by the Internal Revenue Service. B. it is too regressive. C. a portion of the corporations' tax burden is passed on to consumers via higher prices for goods and services and to workers via lower wages. D. it is too flat.