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