Both the multiplier effect and the investment accelerator tend to make the aggregate-demand curve shift further than it does due to an initial increase in government expenditures
a. True
b. False
Indicate whether the statement is true or false
True
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Demand tends to be ________ in the short run than in the long run.
A. less important B. more elastic C. more variable D. less elastic
Which of the following are characteristics of public goods?
A. Nonexclusionary B. Nonrivalry and nonexclusionary C. Nonrivalry D. Nonchivalrous
Data on labor-force flows show that
A) almost all separations are due to death. B) almost all separations are due to serious illness. C) almost all separations are quits. D) almost all separations are layoffs. E) none of the above
If the absolute price elasticity of demand for good X is 0.5, when there is a 10 percent increase in price, we can conclude that quantity demanded
A) has fallen by 50 percent. B) has fallen by 20 percent. C) has fallen by 10 percent. D) has fallen by 5 percent.