If the marginal propensity to consume is 0.7, the expenditure multiplier is
a. 7.0
b. 0.7
c. 3.0
d. 3.3
e. not determinable without additional information.
D
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Which of the following changes will occur to the market for movie tickets when video streaming becomes less expensive and makes it easier to watch videos instantly?
A. The demand curve for movie tickets will shift out, causing the price to increase and the quantity to decrease. B. The demand curve for movie tickets will shift out, causing the price to increase and the quantity to increase. C. The demand curve for movie tickets will shift in, causing the price to decrease and the quantity to decrease. D. The demand curve for movie tickets will shift in, causing the price to decrease and the quantity to increase.
Refer to the data. The price elasticity of demand is relatively inelastic:
Answer the question on the basis of the following demand schedule:
A. in the $6-$4 price range.
B. over the entire $6-$1 price range.
C. in the $3-$1 price range.
D. in the $6-$5 price range only.
Cyclical unemployment is a consequence of:
What will be an ideal response?
Is it possible for nominal GDP to increase while real GDP does not change?
What will be an ideal response?