Multiplier effects occur when there is a change in spending which does not depend on income. Spending which does not depend on income is referred to as
A) coincident spending.
B) nominal spending.
C) autonomous expenditures.
D) induced expenditures.
C
Economics
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A ____ total cost function implies that marginal costs ____ as output is increased
a. linear; increase linearly b. quadratic; increase linearly c. cubic; increase linearly d. a and b e. none of the above
Economics
It can be shown that average revenue and price are always equal.
Answer the following statement true (T) or false (F)
Economics