In the perfectly competitive model, all firms are assumed to be producing:
a. products that are heavily advertised.
b. differentiated products

In the economic way of thinking, we assume that central bankers act

A) selfishly. B) to promote projects which interest them. C) in the national interest. D) in the global interest.

Assume that the marginal propensity to consume equals 0.8, the income tax rate equals 0.3, and the marginal propensity to import equals 0.2. The marginal leakage rate is ________ and the size of the multiplier is ________

A) 0.70; 3.33 B) 0.60; 2.5 C) 0.64; 1.56 D) 0.50; 2.0