The money multiplier is equal to
A) the government spending multiplier. B) 1/(reserve ratio).
C) the marginal propensity to consume. D) the reserve ratio.
B
Economics
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If the government decreases the tax on cell phones, ________
A) the deadweight loss decreases B) the consumer surplus does not change because sellers will not lower the price of a cell phone C) the number of cell phones purchased does not change D) the market becomes less efficient because the government collects less tax revenue
Economics
A shift in the demand curve to the right represents
A) an increase in demand. B) a decrease in demand. C) an increase in quantity demanded. D) a decrease in quantity demanded.
Economics