If the MPC = 0.75, then the government purchases multiplier is about
a. 1.33.
b. 7.
c. 4.
d. 3.
c
Economics
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Real wages usually lag behind the increases in labor productivity.
Answer the following statement true (T) or false (F)
Economics
The interest paid on corporate bonds is not subject to federal taxes.
Answer the following statement true (T) or false (F)
Economics
Eisenhower's conservative policies were characterized by budget surpluses that produced further declines in price levels
Indicate whether the statement is true or false
Economics
The classical model uses the assumption that
A. all wages and prices are flexible. B. economic markets are fragile and have no tendency to move towards an equilibrium. C. interest rates are not flexible. D. monopoly is widespread in the economy.
Economics