The multiplier effect of government spending can be stated as a ________ multiplier or a ________ multiplier.
A. spending; job
B. government; private sector
C. federal; local
D. fiscal; money
Answer: A
You might also like to view...
Diminishing marginal returns explains why a firm’s long-run average total cost curve is U shaped.
Answer the following statement true (T) or false (F)
If a firm requires a standardized raw material to produce its output, ________ is often the least expensive option to purchase the raw materials.
A) backward integration B) forward integration C) divestiture D) the spot market
Which of the following is a TRUE statement about monopoly and perfect competition?
A) Price is always higher and output higher under monopoly than under perfect competition. B) Because costs do not depend on market structure, price is usually higher and output is always lower under monopoly than perfect competition. C) If there are substantial economies of scale, price may be lower and output greater under monopoly than under perfect competition. D) If there are substantial economies of scale, price may be lower and output greater under monopoly than under perfect competition, and price may be below marginal cost instead of equal to marginal cost.
In the short run, a firm has fixed costs but never any variable costs
a. True b. False Indicate whether the statement is true or false