A virtuous cycle refers to the development of new products that follows when a monopoly earns economic profits

Indicate whether the statement is true or false

FALSE

Economics

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Income expressed in current years dollars is known as

What will be an ideal response?

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Economics

If MPC = 0.75 (and there are no income taxes) when G increases by 100, then the IS curve for any given interest rate shifts to the right by:

What will be an ideal response?

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Economics