A general formula for the multiplier is 1/(1-MPS)
Answer the following statement(s) true (T) or false (F)
Ans: False
Economics
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The tastes for foreign goods and services generally has a ______ relationship with aggregate expenditure.
A. negative B. positive C. skewed D. constant
Economics
A monopolist’s profit per unit is shown by the difference between price and marginal cost per unit.
Answer the following statement true (T) or false (F)
Economics
Only government restrictions serve as entry barriers
a. True b. False Indicate whether the statement is true or false
Economics
The sum of durable goods, nondurable goods, and services equals
A) investment. B) fixed investment. C) government purchases. D) consumption. E) net exports.
Economics