If the MPC in the United States was low, it would increase the value of the multiplier.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Sometimes wages are set above the equilibrium level when
a. garbage collectors earn higher wages than secretaries due to compensating differentials. b. accountants earn more than dental technicians due to higher educational requirements. c. movie superstars earn more than talented plumbers. d. unions negotiate higher wages by threatening to strike.
Producers will take external costs into account when:
A. they actually have to pay those costs. B. environmental groups apply sufficient pressure and generate negative press coverage. C. those costs are less than the benefits. D. those costs are less than the private costs.
If a major league baseball player would be willing to work for $500,000 per year and is currently being paid $1,200,000 per year, the opportunity cost of his decision to play baseball is
A. $1,700,000. B. $500,000. C. $700,000. D. $1,200,000.
A maximum price set by law above the market-clearing price is called a
A) price cap B) price spike C) price floor D) price ceiling