If the Fed reduces its discount rate, the problem being addressed is more likely to be inflation than recession
Indicate whether the statement is true or false
F
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If a marginal cost pricing rule is imposed on the natural monopoly shown in the figure above, then it will produce
A) 2 million units. B) 3 million units. C) 4 million units. D) 5 million units.
Refer to Figure 9.6. Before this policy was implemented, consumer surplus was
A) $20. B) $4000. C) $6000. D) $8000. E) $12000.
A dependent variable is also known as a(n) _____.
A. explanatory variable B. control variable C. predictor variable D. response variable
Assuming that investment, government expenditures, and net exports are all autonomous, the marginal propensity to consume for the economy represented in Figure 9.9 is
A. 0.25. B. 1.0 since aggregate expenditure is a straight line. C. 0.5. D. Indeterminate since there is no consumption function.