The relationship between the MPS and the MPC is such that:
A. MPC - MPS = 1
B. MPS/MPC = 1
C. 1 - MPC = MPS
D. MPC - 1 = MPS
C. 1 - MPC = MPS
Economics
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If the public switches from using cash for most transactions to using checks instead, then all else equal, the money supply will:
A. not change. B. decrease. C. either increase or decrease. D. increase.
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The slope of the indifference curve between steak and lobster is always equal to the ratio of their prices
Indicate whether the statement is true or false
Economics
The process of bargaining for a large group of workers at one time rather than individually is known as ________
A) collective bargaining B) autarky C) tertiary negotiations D) ornamental horticulture
Economics
"Liquidity" refers to the ability to change money into assets
Indicate whether the statement is true or false
Economics