If people spend 2/3 of any extra income they receive, new autonomous spending of $10 causes equilibrium GDP to increase by
What will be an ideal response?
$30
Economics
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When consumption spending is greater than disposable income, we know with certainty that we have
A) dissaving. B) negative net investment. C) excess thrift. D) positive savings.
Economics
Refer to Figure 4.1, which shows Molly's and Ryan's individual demand curves for compact discs per month. Assuming Molly and Ryan are the only consumers in the market, what is the market quantity demanded at a price of $3?
A) 6
B) 9
C) 15
D) 20
Economics
What does "T" represent in the SWOT matrix?
a. threats b. tariffs c. taxes d. talents
Economics
Which of the following are barriers to entry?
A. patents and copyrights B. economies of scale C. control of resources D. all of these
Economics