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

False

Economics

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A significant gain from trade in an oligopolistic market results from the increase in the number of product varieties that trade brings.

Answer the following statement true (T) or false (F)

Economics

We know that negative returns have set in when ______.

Fill in the blank(s) with the appropriate word(s).

Economics