If the marginal propensity to save (MPS) is 0.10, the value of the spending multiplier is:
a. 1.
b. 9.
c. 10.
d. 90.
c
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The ________ is the price of one good ________ the price of another good
A) relative price; times B) relative price; divided by C) budget; times D) budget; divided by
Faced with a decrease in the demand for its product, a monopolist will lower prices and maintain output at its previous level if
A) the gain in profit is less than the increase in real wages paid. B) the gain in profit is less than the decrease in real wages paid. C) the gain in profit is less than the menu costs. D) the gain in profit is greater than the increase in menu costs.
OPEC formed as a result of:
A. a desire to control the pricing on members' resources. B. political agitation against capitalism. C. the need to fix prices. D. the request of OECD.
Which of the following lists includes only banks' assets?
A) reserves, savings deposits, securities, and loans B) reserves, checkable deposits, securities, and loans C) reserves, securities, liquid assets, and savings deposits D) liquid assets, loans, securities, and reserves E) securities, reserves, checkable deposits, and liquid assets