A monopolist is a price maker
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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To achieve a $500 billion increase in AD, if the MPC is 0.8, what increase in government purchases would be called for?
a. $625 billion b. $500 billion c. $400 billion d. $100 billion
Economics
Suppose that Fly-By-Night Airlines, Inc. has a return of 5% twenty percent of the time and 0% the rest of the time. The expected return from Fly-By-Night is:
A. 1.0%. B. 0.1%. C. 10%. D. 0.2%.
Economics