If the marginal propensity to consume (MPC) is 0.90, the value of the spending multiplier is 90
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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In the list of assets below, which is the most liquid?
A) $500 worth of Ford Motors common stock B) $500 worth of Ford Motors bonds C) a $500 traveler's check D) a one-ounce gold coin
Economics
If the market demand elasticity is constant at -3 and a monopolist's MPL = 1.2L-0.5, then the labor demand for the monopoly is
A) 0.8PL-0.5. B) 0.4PL-0.5. C) 0.8PL-2. D) 0.4PL-2.
Economics