If the multiplier in the economy is 3, the marginal propensity to save (MPS) must be
A) 3. B) 0.67. C) 0.33. D) 1.
C
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A unique feature of oligopoly markets is
a. market power b. mutual interdependence c. barriers to entry d. product heterogeneity e. pricing power
The time and money it takes to organize a group or a campaign and to get the attention of lots of busy people is the:
A. reason why all individuals never participate in any collective action. B. cost of collective action. C. initial set-up costs of the campaign or group. D. reason why collective action does not happen in the real world.
The typical annual gain to consumers who switch to Walmart is between ________ per store.
A. $100 million and $150 million B. $250 million and $300 million C. $15 million and $33 million D. $31 million and $40 million
Which law specifically mandated the federal government's responsibility for economy-wide stability?
A. the Volcker Act of 1960 B. the Glass-Steagall Act of 1933 C. the Employment Act of 1946 D. the Sherman Act of 1890