If we consider the equation PAE = A + bY the part that corresponds to the MPC when we make simplifying assumptions is:

A. b
B. Y
C. A
D. PAE


A. b

Economics

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If collusion was not illegal, than it is more optimal

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Anything that is commonly acceptable as a payment for goods and services is called ________

Fill in the blank(s) with correct word

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In the above figure, over the price range P5P6, demand is

A) unit elastic. B) elastic. C) perfectly inelastic. D) inelastic.

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Barter transactions

A. involve directly exchanging goods for other goods. B. can occur without the "double coincidence of wants." C. are less costly than transactions involving money. D. involve the use of money as a medium of exchange.

Economics