The balanced budget multiplier is always equal to:
a. 0.50.
b. 0.75.
c. 1 / MPC.
d. 1.
d
Economics
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The amount of output produced with an additional unit of variable input is referred to as:
A) total product. B) average variable product. C) marginal product. D) average fixed product.
Economics
According to the book, Akio Morita (the founder of Sony) drew a long-run average cost curve that was
A) U-shaped. B) V-shaped. C) W-shaped. D) horizontal
Economics
Federal government outlays as a fraction of GDP tripled between 1959 and 2009
a. True b. False
Economics
When the price of nuclear missiles rises, this change is reflected in the CPI but not in the GDP deflator
a. True b. False Indicate whether the statement is true or false
Economics