A larger marginal propensity to import will make the slope of the aggregate expenditure function flatter

PURPA opened up the possibility that public utilities would purchase electricity from independent producers

Indicate whether the statement is true or false

Ralph's Ski Shop is a local monopoly in a regional market. This type of situation can result from all of the following except:

a. small population relative to output needed for scale economies b. patent protection c. control of local zoning or limited operation permits d. long distance to alternative ski shops e. multiple products