When income taxes are included in the basic macroeconomic model, the value of the
a. inflationary effect is increased.
b. multiplier is increased.
c. multiplier is decreased.
d. expenditure function is increased.
c
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The table above gives the total revenue and total cost for a perfectly competitive firm producing chocolate chip cookies. If the firm is producing 4 pounds of cookies, to maximize its profit it will
A) increase its output. B) decrease its output. C) continue producing 4 pounds of cookies. D) shut down.
Price coordination among firms will be more difficult when there are substantial differences among the cost structures of the competing firms and the technologies they employ
Indicate whether the statement is true or false
Given the table above, the present value of lifetime resources ________ when the real interest rate rises to five percent
A) falls by $367 B) rises by $200 C) rises by $300 D) falls by $275
Venture capitalists
A. Are a critical link between entrepreneurial ideas and market reality. B. Provide entrepreneurial ideas. C. Share in the risks but not the rewards of entrepreneurial ideas. D. Are always willing to lend money to new businesses.