Which of the following is not included in gross private domestic investment spending?
A) Household spending on residential construction.
B) Spending on business inventories.
C) Household spending on durable goods.
D) Business spending on plant and equipment.
C
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The multiplier increases as the MPC increases
Indicate whether the statement is true or false
If the elasticity of supply is 4, a 10 percent increase in the price of a good leads to a
A) 40 percent increase in the quantity of supply. B) 4 percent decrease in the quantity demanded. C) 2.5 percent increase in the quantity supplied. D) 2.5 percent decrease in the quantity demanded.
Because of product differentiation, a monopolistically competitive firm: a. possesses some degree of market power
b. is very similar to a perfectly competitive firm. c. faces a perfectly elastic demand curve. d. is unaffected by the elasticity of demand.
Poverty
What will be an ideal response?