Along the IS curve, which of the following markets are in equilibrium?
A) the money and forex markets
B) the goods and forex markets
C) the goods and money markets
D) the goods, money, and forex markets
Ans: B) the goods and forex markets
Economics
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The income multiplier is equal to 1/MPC
Indicate whether the statement is true or false
Economics
If the supply of another input used decreases, the marginal product of labor can:
A. increase, increasing the supply of labor. B. increase, decreasing the demand for labor. C. decrease, increasing the demand for labor. D. increase, increasing the demand for labor.
Economics