If the marginal propensity to save is 0.4, the multiplier is 2.5
Indicate whether the statement is true or false
TRUE
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The strategic argument for protectionism holds that a nation may sometimes have to threaten protectionism to induce other countries to drop their own protectionist measures.
Answer the following statement true (T) or false (F)
Explain the difference between nominal wages and real wages
What will be an ideal response?
If the economy is suffering from an inflationary gap, the Federal Reserve will engage in what type of policy?
a. expansionary fiscal policy b. contractionary fiscal policy c. expansionary monetary policy d. contractionary monetary policy
Antitrust laws are designed to
a. preserve competition. b. protect the environment. c. protect the public's trust in the government. d. all of the above.