The total physical product of an input is the same thing as its
a. total revenue product.
b. marginal physical product times output.
c. output.
d. total consumer's surplus.
c
Economics
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If the marginal propensity to consume is 0.55, the simple spending multiplier is 3.65
a. True b. False Indicate whether the statement is true or false
Economics
Financial intermediaries are institutions that
A. set interest rates. B. create money. C. transfer funds in the form of loans from savers to investors. D. provide checking accounts.
Economics