The idea that a $1 increase in infrastructure spending will generate more than $1 in economic growth is a representation of
A) the multiplier effect. B) an automatic stabilizer.
C) an outside lag. D) an inside lag.
A
Economics
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The vicious circle of poverty makes it difficult for an LDC to:
a. establish political institutions. b. control inflation. c. save and invest. d. fix its exchange rate.
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A monopolistic competitor can expect to earn an economic profit in the long run
a. True b. False Indicate whether the statement is true or false
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An example of derived demand in the auto industry is the demand for:
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