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