During the fall 2010, the US national saving rate has steadily climbed to near 10%, thus the MPC for the nation should be____. According to the simple keynesian model the value of the expenditure multiplier should be _______, assuming we ignore the impacts from automatic stabilizers
Fill in the blank(s) with the appropriate word(s)
Answer: .9, 10
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Suppose the dollar—euro exchange rate falls. Then
A) French firms will import more from the United States into France. B) U.S. firms will export less to France. C) the dollar is less valuable relative to the euro. D) the euro is more valuable relative to the dollar.
Which of the following would be most inelastic with regard to price?
a. a Samsung LCD television b. a Sony LCD television c. all LCD televisions d. Demand for all of the above would be equally elastic because none are necessities.
The higher the death rates in less-developed countries, the smaller the average family size
a. True b. False Indicate whether the statement is true or false
According to many economists, government restrictions on ticket scalping do all of the following except
a. inconvenience the public. b. reduce the audience for cultural and sports events. c. waste police officers' time. d. keep the cost of tickets to all consumers low.