The spending multiplier equals 1/marginal propensity to save if an economy:
a. has a trade surplus.
b. is open to international trade.
c. does not trade with any other country.
d. has a higher level of saving than consumption.
e. reduces its investment expenditures to zero.
c
Economics
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A small adjustment in a choice is called
A. a marginal change. B. an incremental change. C. a positive change. D. a net change.
Economics
The amount of a good sold in a market at a particular price cannot exceed the quantity
A. demanded at that price. B. supplied at that price. C. sold when there is a price floor. D. sold when there is a price ceiling.
Economics