An industry is comprised of 10 firms, each with an equal market share. What is the four-firm concentration ratio of this industry?
A. 0.2
B. 0.6
C. 0.8
D. 0.4
Answer: D
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In the above figure, the marginal propensity to consume (MPC) equals
A) 0.9. B) 0.75. C) 0.8. D) 0.85.
Refer to the above figure. A price control has been set which has led to a shortage. This means that a
A) price ceiling has been set at P1. B) price floor has been set at P1. C) price ceiling has been set at P2. D) price floor has been set at P2.
Morgan, a financial advisor, has told her clients the following things. Which of her statements is not correct?
a. "U.S. government bonds generally pay a higher rate of interest than corporate bonds." b. "The interest received on corporate bonds is taxable." c. "U.S. government bonds have the lowest default risk." d. "If you purchase a municipal bond, you can sell it before it matures."
Answer the following statement(s) true (T) or false (F)
1. Planned expenditure has a pronounced effect on the short-run business cycle. 2. Overall, output tends to fluctuate more than investment spending. 3. Optimistic consumer expectations can cause changes to several of the autonomous components of aggregate expenditure. 4. The expenditure multiplier applies only to changes in planned investment spending. 5. The true expenditure multiplier is usually larger than the calculated multiplier.