The multiplier effect
a. and the crowding-out effect both amplify the effects of an increase in government expenditures.
b. and the crowding-out effect both diminish the effects of an increase in government expenditures.
c. diminishes the effects of an increase in government expenditures, while the crowding-out effect amplifies the effects.
d. amplifies the effects of an increase in government expenditures, while the crowding-out effect diminishes the effects.
d
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If, for a perfectly competitive firm, price exceeds the marginal cost of production, the firm should
A) reduce its output. B) increase its output. C) lower the price. D) keep output constant and enjoy the above normal profit.
How can changes over time of the average height of the people in a country help to indicate the standard of living in a country?
What will be an ideal response?