Which of the following will tend to increase the size of the multiplier
A. a higher marginal tax rate
B. a higher marginal propensity to import
C. a higher marginal propensity to consume
D. a higher level of government spending
Ans: C. a higher marginal propensity to consume
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Checking exchange rates, you find $1 equals 0.75 euros. Then the price of 1 euro is
A) $0.25. B) $0.75. C) $1.33. D) $4.30.
Alan could most directly apply the principles of economic decision making with respect to his job when:
A. deciding how to spend his paycheck. B. deciding which girl to marry. C. deciding what to have for dinner after a long day at work. D. deciding which route on his way to work is the most scenic.
A special kind of imperfectly competitive market that has only two firms is called
a. a two-tier competitive structure. b. an incidental monopoly. c. a doublet. d. a duopoly.
The price of eggs might go up because:
A) of an increase in the price of bacon. B) the price of chicken feed increased. C) the supply of eggs increased. D) the demand for eggs fell.