If the MPC = 0.75, MPS must be _______ and the income multiplier is _______
a. 0.25; 4
b. 0.25; 5
c. 0.75; 5
d. 1.50; 5
e. 4; 0.25
A
Economics
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A. geographic location of the largest corporations in each industry. B. degree to which product price exceeds marginal cost in various industries. C. percentage of total industry sales accounted for by the largest firms in the industry. D. number of firms in an industry.
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Increased production, but not increased inflation, will result in higher:
A. nominal GDP. B. money GDP. C. real GDP. D. current dollar GDP.
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