Disintermediation is a problem associated with a banking crisis
Indicate whether the statement is true or false
TRUE
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The spending multiplier:
A. grows larger as the marginal propensity to consume increases. B. grows larger as the marginal propensity to consume decreases. C. grows smaller as the marginal propensity to consume increases. D. None of these is true.
A collusion occurs when firms act together to reduce output and keep prices high
a. True b. False Indicate whether the statement is true or false
Who said, "The whole of science is nothing more than the refinement of everyday thinking"?
a. Isaac Newton b. Albert Einstein c. Adam Smith d. Benjamin Franklin
If a monopolist had no production costs, it would produce the output where marginal revenue intersects the quantity axis. At this point, the price elasticity of demand would be:
A. 1. B. zero. C. perfectly inelastic. D. perfectly elastic.