Increasing returns to scale in production means
A) more than 10% as much of all inputs are required to increase output 10%.
B) less than twice as much of all inputs are required to double output.
C) more than twice as much of only one input is required to double output.
D) isoquants must be linear.
B
Economics
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The position of the Keynesian aggregate demand schedule does not depend on the
a. level of government spending. b. level of tax collections. c. level of autonomous investment expenditures. d. quantity of money. e. the price of inputs such as oil.
Economics
The use of government spending and taxation to make changes in the level of national income is known as fiscal policy
Indicate whether the statement is true or false
Economics