When expansionary policy is unanticipated, it leads to a short-run expansion in output and employment
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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A market structure with only a few sellers, each offering similar or identical products, is known as
a. oligopoly. b. monopoly. c. monopolistic competition. d. perfect competition.
Economics
If the marginal propensity to consume is 0.80, the value of the spending multiplier will be 4
a. True b. False Indicate whether the statement is true or false
Economics
The extent of the multiplier effect visible within a short time will be ____ the total effect indicated by the multiplier formula
a. significantly higher than b. equal to c. less than d. slightly higher than
Economics
This profit-maximizing (loss-minimizing) firm produces a quantity of about _______ units.
A. 100
B. 80
C. 50
D. 30
Economics