The simplified expenditure multiplier:
A. is calculated as 1/(1 ? MP).
B. has a positive value.
C. grows larger as the marginal propensity to consume increases.
D. All of these are true.
D. All of these are true.
You might also like to view...
Property rights connect effort with reward
Indicate whether the statement is true or false
Which of the following statements about perfect price discrimination is false?
A) For the price-discriminating firm, its marginal revenue curve coincides with its demand curve. B) There is no consumer surplus if a firm engages in perfect price discrimination. C) A condition for perfect price discrimination is that it must be costlier to service some customers than others. D) Perfect price discrimination occurs when the seller charges the highest price each consumer would be willing to pay for the product.
Other things the same, if a country's domestic investment decreases, then
a. net capital outflow rises, so net exports rise. b. net capital outflow rises, so net exports fall. c. net capital outflow falls, so net exports rise. d. net capital outflow falls, so net exports fall.
Over-harvesting of fish in international waters an example of what economic concept?
a. a production externality b. a consumption externality c. marginal social benefits exceeding marginal private benefits d. private marginal costs exceeding marginal social costs