The higher the interest rate, the greater the preference for liquidity
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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A firm will purchase additional units of a resource as long as each unit's
a. marginal revenue product is greater than zero b. marginal revenue product equals the product price c. marginal revenue product is greater than or equal to its marginal resource cost d. marginal revenue product is less than its marginal resource cost e. total revenue product is greater than its marginal resource cost
Economics
If the marginal propensity to consume (MPC) is 0.50, the value of the spending multiplier is:
a. 5. b. 1. c. 2. d. 5.
Economics