The figure shows the saving schedules for economies 1, 2, 3, and 4. Which economy has the largest multiplier?
A. 1.
B. 2.
C. 3.
D. 4.
D. 4.
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Cisco is considering opening a financial institution that accepts savings deposits from only its employees and makes loans to only its employees. The best description of this financial institution is that it is a
A) credit union. B) savings and loan association. C) federal government chartered credit bank. D) commercial bank. E) savings bank.
Demand curves usually slope downward because of the income and substitution effects, and because of the law of diminishing marginal utility
a. True b. False
In macroeconomics, game theory focuses on the strategic interactions between which of the following groups of agents?
A) individuals; firms B) individuals and firms; policy makers C) policy makers; economic forecasters D) individuals and firms; economic forecasters
In San Francisco there are many restaurants that specialize in a wide variety of cuisines. Patronage at these restaurants is influenced by factors such as tastes, price, and location. This market is
A) perfectly competitive. B) monopolistically competitive. C) oligopolistic. D) monopolistic.