Logrolling is a questionable practice that always leads to decidedly inefficient results.
Answer the following statement true (T) or false (F)
False
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The slope of the consumption function is
A) equal to the MPC and is equal to 1. B) not equal to the MPC and is equal to 1. C) equal to the MPC and is less than 1. D) equal to the MPC and is greater than 1. E) not equal to the MPC and is less than 1.
If gold is used as money in an economy, the money supply is easy to control
Indicate whether the statement is true or false
Suppose a tax on buyers has been imposed in the graph shown. Once the tax is in place, the buyers purchase ____ units and pay ____ for each one.
A. 6; $22
B. 6; $34
C. 9; $18
D. 9; $30
Hot dogs and hamburgers might be considered ________ goods compared to steak.
A. complementary B. normal C. inferior D. substitutable