The ratio of the total shift in aggregate demand to the initial shift in aggregate demand is known as the multiplier
Indicate whether the statement is true or false
TRUE
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Marginal cost is defined as
a. the additional cost attributable to the last unit produced. b. the change in fixed costs associated with the production of one more unit of output. c. the difference between total revenue and total cost. d. price times quantity.
From the table below, choose the optimum option using marginal analysis
Option Total Cost ($) 1 150 2 100 3 80 4 70 5 90 6 120
Corporations that offer incentive pay schemes that link pay to meeting profit, production, or sales targets are doing so to cope with the
A) scarcity problem. B) inefficiencies usually found in large firms. C) principal-agent problem. D) problems of unionization.
Comment on the following statement: "As the market wage rises, the firm is likely to hireless labor."
What will be an ideal response?