If the multiplier is 20 and income increases by $1000, then saving will increase by
A. $1000.
B. $800.
C. $80.
D. $50.
Answer: D
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A) a trend. B) a graph. C) a relationshi
We expect a rise in transfer payments when
a. the needs of the poor receive more publicity b. taxes rise c. GDP rises and inflation soars d. the retirement age remains unchanged over time e. recessions occur
Since people get sick at all hours of the day, some nurses who work in hospitals are required to work the night shift. In most cases, the nurses who work the night shift earn a higher hourly wage for the same work as the nurses who work the day shift. This difference in pay is referred to as a
a. discriminatory wage practice. b. compensating differential. c. wage inequity. d. a market inefficiency.
The Phillips curve represents a relationship between:
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