The multiplier effect refers to the series of
A) induced increases in consumption spending that result from an initial increase in autonomous expenditures.
B) autonomous increases in consumption spending that result from an initial increase in induced expenditures.
C) induced increases in investment spending that result from an initial increase in autonomous expenditures.
D) autonomous increases in investment spending that result from an initial increase in induced expenditures.
A
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Bank consolidation will likely result in
A) less competition. B) the elimination of community banks. C) increased competition. D) a shift in assets from larger banks to smaller banks.
Special Grapes is a new wine company that wants to locate its vineyard in Sonoma Country, California, an exclusive area of the world for wineries. Which of the following will likely have the largest effect on Special Grapes' input prices?
A) land prices in Sonoma County, California B) compensating wage differentials C) traffic regulations in Sonoma County, California D) the additional wages Special Grapes will have to pay its employees to work in Sonoma County, California
In the short run, if a firm produces nothing, total costs are zero
a. True b. False Indicate whether the statement is true or false
Output is likely to respond more to sales increases in high-output periods than in low-output periods, provided that firms have enough capital and labor to support the output increase.
Answer the following statement true (T) or false (F)