The motel whose costs are given in the table above has total fixed costs equal to

Giving presents on Christmas does NOT generate a deadweight loss if

A) all gift are money. B) everybody gets exactly want she wants. C) nobody can be made better off by returning the gift and purchasing a different one. D) All of the above.

The multiplier principle illustrates that

a. an increase in investment spending will be multiplied into a larger increase in GDP. b. an increase in GDP will be multiplied into a larger amount of investment spending. c. an increase in GDP will be multiplied into a larger increase in consumer spending. d. investment spending is always a multiple of consumer spending.