The spending multiplier measures the change in equilibrium income that results from a change in:
a. consumption.
b. interest rates.
c. savings.
d. net exports.
e. autonomous expenditures.
e
Economics
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The portion of income which is earned in the form of wages for labor is about
a. 15% b. 35% c. 51% d. 60%
Economics
Efficiency means that
a. society is conserving resources in order to save them for the future. b. society's goods and services are distributed equally among society's members. c. society's goods and services are distributed fairly, though not necessarily equally, among society's members. d. society is getting the maximum benefits from its scarce resources.
Economics