Which of the following is an example of an activity undertaken by an entrepreneur?
A) being appointed to the U.S. Supreme Court
B) choosing the color scheme for your renovated kitchen
C) being promoted to the position of Chief of Police
D) starting your own snow cone business
D
Economics
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When all the factors of aggregate expenditure are influenced by income, the multiplier is no longer solely a function of the marginal propensity of consumption
a. True b. False Indicate whether the statement is true or false
Economics
In the Keynesian model, it is assumed that, when demand for a firm's product changes, the firm:
A. changes prices and production levels to meet demand. B. changes prices to meet the demand. C. changes production levels to meet the demand. D. changes prices, but holds production levels constant, to meet the demand.
Economics