If the income multiplier is 4, then 0.5 is equal to the marginal propensity to consume
Indicate whether the statement is true or false
F
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Economic profit is the difference between a firm's revenue and its opportunity costs
Indicate whether the statement is true or false
Discretionary spending involves public expenditures that:
A. have to be approved each year. B. are planned in the federal budget and do not need annual approval. C. are mandated and regulated by permanent laws. D. "entitle" people to benefits by virtue of age, income, or some other factor.
A freely floating exchange rate brings some risks to people who are actively engaged in foreign trade
a. True b. False Indicate whether the statement is true or false
The accompanying graph depicts demand. 
The slope of the demand curve (ignoring the negative sign) is:
A. 1. B. 1.5. C. 0.5. D. 2.