Another term for "don't put all your eggs in one basket" is

If the MPC is 0.5 and the tax rate is 10%, a $500 increase in autonomous government purchases will increase equilibrium income by

A) $225. B) $280. C) $910. D) $1,110.

Which of the following is a determinant of the price elasticity of demand for an item?

A) the availability of a close substitute for the item B) the percentage of a consumers budget allocated to expenditures on the item C) the amount of time available to adjust to a change in the price of the item D) All of the above are correct.