Which of the following is a true statement about the multiplier?
A) The multiplier is a value between zero and one.
B) The smaller the MPC, the larger the multiplier.
C) The multiplier rises as the MPC rises.
D) The multiplier effect does not occur when autonomous expenditure decreases.
C
Economics
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Using the above table, the labor force is
A) 380,000. B) 911,000. C) 930,000. D) 569,000.
Economics
When a consumer spends income so that the ratio of marginal utilities (MUs) of all goods purchased equals the ratio of their prices, the consumer is
a. maximizing marginal utility b. spending too much on all goods c. maximizing total utility d. beyond the point of diminishing marginal utility e. behaving in opposition to the principal of rational behavior
Economics