In the Keynesian model, an increase in saving serves to decrease consumption spending, causing a multiple contraction in national income
Indicate whether the statement is true or false
T
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Refer to Horizontal Merger. The result of the merger is
a. a decrease in marginal costs. b. an increase in the quantity supplied. c. a decrease in the price. d. an increase in consumer surplus.
The cross elasticity between two goods is 2.5 . These goods are:
a. perfect complements. b. imperfect complements. c. unrelated. d. substitutes. e. inferior.
What could cause a production possibilities curve to move down and to the left?
(A) Thousands of investors from overseas invest money in a nation's economy. (B) A baby boom 20 years ago results in a large number of young adults in the population. (C) An increase in the use of computer technology speeds up production. (D) A nation loses land after being defeated in a war.
Recall the Application about the manufacture of fake killer whales used to scare sea lions off the Washington coast to answer the following question(s).Recall the Application. The mold used to produce the fake killer whales is an indivisible input.
Answer the following statement true (T) or false (F)