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False. When real GDP decreases, it often indicates a contraction in economic activity, which typically leads to reduced demand for goods and services. As a result, businesses may cut back on production and lay off workers, leading to a decrease in employment levels.

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Is this statement true or false If the marginal propensity to consume in a consumption function decreases then the autonomous consumption multiplier increases?

The statement is false. If the marginal propensity to consume (MPC) decreases, the consumption multiplier, which is calculated as (1/(1 - MPC)), actually decreases. This is because a lower MPC means that a smaller portion of additional income is spent on consumption, leading to a smaller overall effect on aggregate demand from changes in spending. Thus, a decrease in the MPC results in a decreased autonomous consumption multiplier.


An increase in supply reduces equilibrium price but increases equilibrium quantity a decrease in supply increases equilibrium prices but reduces equilibrium quantity. True or False?

True


Economic growth occurs when a nation's total output of goods and services increases over time. True or False?

true


Which of the fallowing statements about GNP is false?

To determine which statement about Gross National Product (GNP) is false, we need to evaluate specific claims. Typically, a false statement about GNP might include misconceptions such as GNP measures only the production within a country's borders or that it accounts for all economic activities of residents regardless of location. If you provide the specific statements, I can help identify the false one.


Is it true or false that equality and full employment are seen as two of the important benefits of a socialist economy?

True. In a socialist economy, equality and full employment are often viewed as key benefits, as the system aims to reduce income disparities and ensure that all individuals have access to job opportunities. By prioritizing collective ownership and the redistribution of resources, socialism seeks to create a more equitable society and minimize unemployment.

Related Questions

True or false As the concentration of a colored solution increases the absorbance value decreases?

Absorbance rises with concentration because there is more material for a given frequency of light to be absorbed in. Your statement is false.


The rate of evaporation of a liquid decreases as the temperature decreasestrue or false?

as the temperature increases, the rate of evaporation increases


Is it true or false that an anticyclone the value of the isobars increases from the center to the outside?

False. Pressure decreases from the center to the outside.


Increasing the intensity of light decreases the rate of photosynthesis true or false?

False. Increasing the intensity of light typically increases the rate of photosynthesis, up to a certain point where other limiting factors may come into play.


True or false if the wavelength of a given wave decreases you know that its frequency will stay the same?

False. The frequency of a wave and its wavelength are inversely proportional - as the wavelength decreases, the frequency increases, and vice versa.


A person's driving ability increases as the amount of alcohol in a person's body increases True or False?

False. As the amount of alcohol in a person's body increases, their driving ability decreases. Alcohol impairs judgement, coordination, and reaction time, making it dangerous to drive under the influence.


True or False muscular endurance decreases muscular strength bone density muscle size and muscle density?

False it increases them!!!!


Is the following sentence true or false if the birth rate is greater than the death rate population size decreases?

False.. if the birthrate is greater than the Death Rate... the population INCREASES !


When an expense ia paid in cash than net assetts increases and profitnincreases true or false?

1.net assets decreases and profit decreases 2net assets remain the same and profit decreases


When the temperature of a medium increases the speed of sound decreases true or false?

False. In general, the speed of sound increases as the temperature of a medium increases. This is because higher temperatures lead to greater molecular motion, which increases the speed at which sound waves can travel through the medium.


Is the following sentence true or false if the birth rate is greater than the death rate population size decreases.?

False.. if the birthrate is greater than the death rate... the population INCREASES !


When you observe data that consistently increases or decreases in response to a variable you are observing a trend true or false?

True. Observing data that consistently increases or decreases in response to a variable indicates a trend. This trend can provide valuable information about the relationship between the variables being studied.