The CPI is a measure of the overall cost of the goods and services bought by a typical consumer
a. True
b. False
Indicate whether the statement is true or false
True
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In an economy with no income taxes or imports, if the MPC is .75, the multiplier is
A) 0.50. B) 4.00. C) 0.33. D) 3.00. E) 0.25.
Every fiscal or monetary action will affect the distribution of output as well as its volume
Indicate whether the statement is true or false
Corporations account for approximately what percentage of business activity in the United States?
a. 95 percent b. 90 percent c. 75 percent d. 50 percent e. 30 percent
An automobile manufacturer unexpectedly announces that it has hired a new chief executive officer. It is widely believed that the presence of this individual will raise the profitability of the corporation. At the same time interest rates unexpectedly rise. Which of the above would tend to make the price of the stock rise?
a. the announcement and the rise in interest rates b. the announcement but not the rise in interest rates c. the rise in interest rates, but not the announcement d. neither the announcement nor the rise in interest rates