A characteristic of a public good is that a public good is provided
A) to some businesses, but not to others.
B) only in some states.
C) to low income residents in some states.
D) to many individuals at no additional cost.
D
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The simplified spending multiplier is calculated as:
A. 1/(1 ? MPC). B. ?1/(1 ? MPC). C. ?MPC/(1 ? MPC). D. (1 ? MPC) × ?MPC.
The fiscal policy planner's job is made easier because full-employment GDP can be accurately measured
a. True b. False Indicate whether the statement is true or false
A decrease in input costs in the production of LCD televisions caused the price of LCD televisions to decrease. Holding everything else constant, how would this affect the market for video game consoles (a complement to LCD televisions)?
A) The supply of video game consoles would increase and the equilibrium price of video game consoles would decrease. B) The demand for video game consoles would decrease and the equilibrium price of video game consoles would decrease. C) The demand for video game consoles would decrease because consumers could afford to buy fewer LCD televisions and video game consoles. D) The demand for video game consoles would increase and the equilibrium price of video game consoles would increase.
The Dow-Jones Industrial Average index is the broadest U.S. stock market index.
Answer the following statement true (T) or false (F)