If the MPC is 4/5, the multiplier is 5/4
a. True
b. False
Indicate whether the statement is true or false
False
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All of the following methods can be used to motivate agents to advance the principal's agenda rather than their own except for which one?
A) offering stock options B) offering profit sharing C) offering sales commission D) offering certification
The price elasticity of demand coefficient for a good will be greater:
a. if close substitutes exist. b. if minor complements exist. c. in the short-run. d. if a small portion of the budget will be spent on it.
Cross-price elasticity of demand is defined as the:
A. percentage change in demand divided by percentage change in the price of another good. B. change in the price of another good divided by the change in quantity demanded. C. percentage change in quantity demanded divided by percentage change in the price of the same good. D. percentage change in the price of another good divided by the percentage change in quantity demanded.
The government agency that makes sure that customers' money is safe if a bank fails:
a. Ponzi Depository b. FDIC c. Federal Reserve d. NASDAQ