As the MPC gets close to 1, the value of the multiplier approaches
a. 0.
b. 1.
c. infinity.
d. None of the above is correct.
c
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In a decision tree, the difference between a decision node and a terminal node is that
A) at a decision node all participants make the same decision, while at a terminal node different players may make different decisions. B) at a decision node a decision must be made, while a terminal node shows the payoff. C) at a decision node a decision must be made, while at a terminal node the final decision must be made. D) at a decision node all participants are free to make individual decisions but at a terminal node they must agree on a collective decision.
What does the maturity of a bond indicate?
Why is elasticity of demand greater for goods that are a large share of a consumer's budget?
What will be an ideal response?
Unemployment is a
A. both a flow and a stock concept. B. stock concept. C. neither a stock nor a flow concept. D. flow concept.