The Coase Theorem states that there is a single unique way to assign property rights if the private sector is to achieve environmental efficiency

The substitution effect of a wage decrease examines the effect of the decrease in wage income on a worker's ability to consume goods and services

Indicate whether the statement is true or false

The larger the marginal propensity to save,

A) the smaller the multiplier. B) the larger the multiplier. C) the smaller the change in Real GDP, given a change in autonomous consumption. D) a and c E) none of the above