Relationship between MPS and multiplier
Relationship between MPS and multiplier:K=1/1-MPC = 1/MPS or inverse relationship between MPS and the size of multiplier.
What will be the consequence of a rise or fall in the bank rate on money supply? Answer: It will reduce or raise the money supply.
Individual pure competitive firms as well as firms along with market power may each be capable to: (i) reduce average total costs by increasing the size of its operations or economies of scale else decreasing the size of its operations [as diseconomie
When generic lumber processing is a constant cost industry, within the long run this lumber mill is probable to experience a: (i) a severe shrinking of economic profit to zero. (ii) a decline within the price of 2×4s to about $2.40 apiece. (iii)
An increase in the income of consumer X leads to a fall/down in the demand for that good by the consumer. What is good X termed? Answer: Normal good
What is Average Fixed Cost. Also provide its formula?
Can someone help me in finding out the right answer from the given options. Sara left her high strain job at hospital as the neurosurgeon making $250,000 yearly to launch ‘Flowers-to-Go’, a new firm. Sara still feels similar quantity of stress; therefore s
The idea which harsher and more certain punishment decreases cheating on examinations recommends that: (i) Normative values must guide the positive economics. (ii) Student honesty has refused in recent years. (iii) Macroeconomic reasoning as well applies to microecono
I have a problem in economics on Consumer goods-Durable and nondurable. Please help me in the following question. Consumer goods comprise durable and nondurable goods, and: (i) Capital equipment. (ii) House-hold goods. (iii) Services. (iv) Electronic goods.
Describe three properties of a variable proportions production function that make sure that it allow profit maximization and cost minimization.
A large negative GDP gap implies: A) an excess of imports over exports. B) a low rate of unemployment. C) a high rate of unemployment. D) a sharply rising price level.
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