The greater the marginal propensity to consume in the economy, the smaller the spending multiplier

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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A decrease in the quantity of resources available causes a movement down along a given PPF

Indicate whether the statement is true or false

Economics

According to the table shown, what is the firm's total revenue when 4 units are produced?

This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market.

A. $160
B. $50
C. $200
D. $40

Economics