Each additional round of the multiplier process will tend to be larger:
a. the smaller the MPC
b. the greater the rate of income taxation.
c. the less people save from increases in their incomes.
d. the larger the fraction of each dollar of domestic income spent on imported goods.
e. in each of the above cases.
c
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When health care is made available to the poor without cost, the poor consume
A. more health care services than they otherwise would. B. the same health care services that they otherwise would. C. only the health care services essential for their survival. D. fewer health care services than they otherwise would.
Which of the following statements is true of a monopolist's supply curve?
A) The supply curve is vertical. B) The supply curve is upward sloping. C) The supply curve is downward sloping. D) A monopolist does not have a supply curve.