The income multiplier's power to effect change in national income depends on the marginal propensity to consume
Indicate whether the statement is true or false
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Would an increase in the productivity of labor lead to an increase or a decrease in the demand for labor? Why?
The welfare rolls in the United States shot up most dramatically during the period
A. 1945-1949. B. 1960-1964. C. 1980-1984. D. 1990-1994.
Refer to Table 8.1. Assuming the price of labor (L) is $5 per unit and the price of capital (K) is $10 per unit, the total variable cost of producing one unit of output is A) $16. B) $100. C) $120. D) $220.
One impact of the 2007-2009 financial crisis was to heighten the challenges faced by monetary policymakers. All but which of the following was grew more prominent as a result of the crisis?
A. Policymakers options are limited since the nominal interest rate cannot fall below the effective lower bound. B. Stock and property values have a tendency to go through boom and bust cycles. C. The structures of the economy and financial system are constantly evolving. D. The nation's current account deficit keeps widening.