A Purchasing Manager's Index above 50 indicates
A) an expanding manufacturing sector.
B) a downturn in economic activity.
C) an increase in bond prices in the near future.
D) an expanding retail sector.
A
Economics
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If an economy experiences a $0.8 trillion increase in investment resulting in an increase in real GDP from $10 trillion to $12 trillion,
a. what is the change in equilibrium expenditure? b. what is the change in autonomous expenditure? c. what is the multiplier? d. how would an increase in the marginal tax rate effect the multiplier?
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A monopoly market is characterized by a single seller of a product which has few, if any, suitable substitutes
a. True b. False Indicate whether the statement is true or false
Economics