The economic impact of the multiplier is ____, and then becomes ____.
A. slow; faster
B. small; tiny
C. large; smaller
D. small; larger
Answer: C
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Comparative advantage can change over time
Indicate whether the statement is true or false
Inflation target refers to the commitment of central bankers to keep inflation below a certain rate for the next year or two
a. True b. False Indicate whether the statement is true or false
Which of the following is an example of a monopolistically competitive industry?
a. electric lamp bulbs b. aircraft manufacturing c. corn d. sweaters
The LookGood BePopular (LGBP) Clothing Company embarked on a new advertising campaign in which a group of young beautiful people are having fun eating out at a restaurant wearing the company's clothes. Critics of advertising argue that this advertisement
a. causes demand for LGBP Clothing to be less elastic. b. is more effective than other forms of advertisement because of its content. c. will cause the market to be more competitive. d. Both a and b are correct.