Economies of scale lead to declining long-run average cost curves.
Answer the following statement true (T) or false (F)
True
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The ________ the marginal propensity to import, the ________ the multiplier
A) larger; more negative B) larger; smaller C) smaller; smaller D) larger; larger E) None of the above is correct, because the expenditure multiplier is not related to the marginal propensity to import.
To determine whether the goal of stable prices is being achieved, the Federal Reserve monitors the ________; to determine whether the goal of maximum employment is being achieved, the Federal Reserve monitors ________
A) GDP price deflator; real GDP B) core PCE deflator inflation rate; the output gap C) core CPI inflation rate; the natural unemployment rate D) CPI; the gap between nominal GDP and real GDP E) core GDP deflator inflation rate; the natural unemployment rate
At $30 each, Jack will buy 1 Blu-ray and at $25, he will purchase 2 . If the price is $25, Jack's consumer surplus is: a. $5
b. $10. c. $15. d. $20.
Spending VCU4 on real-world goods and services causes the nation's:
a. Monetary base to fall. b. M2 money supply to fall. c. M2 money multiplier to fall. d. Monetary base to remain the same.