The larger is the marginal propensity to consume (MPC)
A) the larger is the multiplier.
B) the smaller is the multiplier.
C) the smaller is the slope of the consumption function.
D) the larger is the slope of the saving function.
Answer: A) the larger is the multiplier.
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When output is less than the efficient level,
A) consumers are willing to pay more for another unit than it costs to produce the unit. B) the amount consumers are willing to pay equals the cost of production. C) the cost of production is greater than the price consumers are willing to pay. D) the production costs can't be measured. E) the marginal cost of producing the good must be greater than the marginal benefit from the good.
Each Federal Reserve District has 9 directors. ____ are appointed by the member banks in the district and ____ are appointed by the Board of Governors of the Federal Reserve
a. 9; 0. b. 0; 9. c. 4; 5. d. 6; 3. e. 7; 2.
What effect does raising union wages have on unemployment?
a. It reduces unemployment throughout the economy. b. It reduces unemployment in the union sector. c. It increases unemployment throughout the economy. d. It increases unemployment in the union sector.
If, regardless of price, the quantity supplied is a constant amount, then the supply curve is:
A. horizontal. B. vertical. C. upward sloping. D. downward sloping.