What can we say about APC + APS and MPC + MPS?
A) Each must sum to 1.
B) MPC + MPS = 100% of total income.
C) APC + APS = 100% of the change in income.
D) MPC + MPS always equals 1, but the sum of APC + APS can vary.
A
Economics
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The United Company competes with many other firms each producing slightly different products. Firms freely enter and exit this industry. The type of industry United Company operates in is
A) a monopoly. B) monopolistic competition. C) oligopoly. D) perfect competition. E) oligopolistic monopoly.
Economics
Which of the following would shift the aggregate demand curve to the right?
A) an increase in government spending B) an increase in taxes C) an increase in interest rates D) an increase in input prices
Economics