When government spending is increased, the amount of the increase in aggregate demand primarily depends on:

A. The average propensity to consume

B. The size of the multiplier

C. Income taxes

D. Exchange rates

B. The size of the multiplier

Economics

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A characteristic of an efficient market is that

A) prices are equal for all securities. B) bid-asked spreads are large. C) prices reflect all available information. D) all investors receive a positive rate of return.

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Why would a firm in balanced oligopoly choose a tit-for-tat strategy?

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