In the Keynesian model, liquidity preference refers to the
A) demand for capital.
B) demand for consumer goods.
C) demand for money.
D) money supply.
C
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The spending multiplier tells us the:
A. amount by which GDP increases when spending increases by $1. B. amount by which GDP decreases when spending on capital goods increases by $1. C. fraction of each dollar that will decreases GDP of each dollar spent. D. amount by which spending increases when GDP increases by $1.
Economies of scale are reductions in average
A. Total cost that result from declining average fixed costs. B. Fixed cost that result from reducing the firm's scale of operations. C. Fixed cost resulting from improved technology and production efficiency. D. Total cost that result from using operations of larger size.
What triggers entry in a competitive market? Describe the process that ends further entry
What will be an ideal response?
According to the graph shown, if the market is in equilibrium, total surplus is area(s):
A. A.
B. A + B + C.
C. A + B + C + D + E.
D. D + E.