A marginal propensity to consume of 0.75 and a marginal propensity to import of 0.05 are associated with an open-economy spending multiplier of 3.33
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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What is the main reason for changes in GDP in the short run?
What will be an ideal response?
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One reason the supply of carpenters is greater than the supply of physicians is because:
A. carpenters demand less income. B. physicians do not belong to a union. C. of differences in human capital. D. carpenters belong to unions.
Economics