The balanced-budget multiplier always equals 1.

Answer the following statement true (T) or false (F)


True

Economics

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In which instance will total revenues decline?

A. price increases and demand is unit-elastic B. price increases and Ed equals -2.47 C. price increases and Ed equals -.41 D. price decreases and demand is elastic

Economics

In many political elections, states often hold a primary election, and the winners of the primary election face off in the general election. This method of voting is called a ________ election

Fill in the blank(s) with correct word

Economics

(Figure: Labor Market) Refer to the figure. What is the unemployment rate in this market as a result of the implementation of a $10 minimum wage?

What will be an ideal response?

Economics

Which of the following is an accurate statement about universal banks?

A. As in Germany, universal banks in the United States do everything under one roof, including direct investment in the shares of nonfinancial firms. B. Universal banks in the United States account for the largest share of financial intermediary assets. C. In Germany the provision of insurance, banking, and securities must be done by separate corporations. D. In Germany universal banks do everything under one roof, including direct investment in the shares of nonfinancial firms.

Economics