Multiple Choice
The most important factor determining division of the product between wages and profits is
A) the level of technology.
B) the amount of labor required to produce the product.
C) the bargaining power between employees and employers.
D) federal minimum wages.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Assume that government spending increases by $1
Q3: In an economic expansion, the average ratio
Q4: Assume that Sam's marginal propensity to consumer
Q5: What two things does the decision to
Q6: Assume that the marginal propensity to consume
Q7: The multiplier effect<br>A) measures how much a
Q8: What is the government multiplier?<br>A) It measures
Q9: Which of the following would provide funds
Q10: What are the three sources of funds
Q11: Over the business cycle, investment spending tracks