Art Buchwald's article, "Squaring the Economic Circle," is a humorous description of what would happen to total income if
A) prices of products started falling significantly.
B) people bought consumer goods instead of investment goods.
C) consumers bought imported goods instead of domestic products.
D) people and firms stopped buying from one another.
Correct Answer:
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Q189: Which statement about the multiplier is correct?
A)If
Q190: If households in the economy save more
Q191: The value of the multiplier is likely
Q192: If, in an economy, a $200 billion
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Q195: In a closed private economy, income is
Q196: Which of the following is not an
Q197: An increase in spending of $25 billion
Q198: The multiplier effect relates
A)changes in the price
Q199: Assume the marginal propensity to consume is
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