The balanced budget multiplier is equal to one
a. True
b. False
Indicate whether the statement is true or false
True
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There is excess production of tomatoes in the market. This implies that
A. the current price is above the equilibrium level. B. supply of tomatoes is more than the demand. C. quantity demanded is more than quantity supplied. D. the price will be rising, as a result.
Why does demand not change when the price of a good changes with no change in the other influences on buying plans?
What will be an ideal response?
Any point on a graph represents a combination of particular values of two variables
a. True b. False
Which of the following is the most likely to be a fixed factor of production at a pizza restaurant?
A. The amount of pizza dough B. The amount of electricity C. The size of the seating area D. The number of waiters