How is the multiplier expressed in terms of the MPS?
A) 1 - MPS
B) 1/MPS
C) 1/(1 - MPS)
D) 1/(1 + MPS)
B
Economics
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Explain and give some examples of governmental policy problems
What will be an ideal response?
Economics
When a transaction takes place repeatedly, then one way to signal to avoid information asymmetry is:
A. building a reputation. B. screening. C. statistical discrimination. D. Any of these could be true.
Economics
If the minimum wage were raised to $10.00 per hour, it would no longer be considered a poverty wage. Would it be wise to raise the minimum wage to this level?
What will be an ideal response?
Economics
The rate of interest at which a project's NPV is exactly zero is called its:
A. equilibrium rate. B. internal rate of return. C. break-even rate. D. zero net rate.
Economics