The expenditure multiplier arises because one person's additional expenditure becomes another person's additional income that will generate additionalÂ
A. cyclical unemployment.
B. menu costs.
C. expenditure.
D. investment demand.
Answer: C
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The text describes three different "degrees" of price discrimination
Of these, which one is theoretically capable of generating the greatest amount of economic profit for the firm? Why? In contrast, which one do you think has the greatest applicability to the range of goods and services consumers typically purchase?
In the aggregate expenditures model, if an economy operates below equilibrium GDP, there will be:
a. unplanned inventory depletion. b. unplanned inventory accumulated. c. a decrease in GDP. d. a decrease in employment.
The change in saving divided by the change in income is the
a. ratio of saving to income b. same as saving divided by income c. average propensity to save d. marginal propensity to consume e. marginal propensity to save
Between 2011 and 2022, productivity growth is expected to account for about ________ percent of the growth of real GDP in the United States
A. 23 B. 40 C. 75 D. 92