The change in real GDP resulting from an initial change in spending equals:
A. the initial change in spending times the nominal GDP.
B. the amount of the initial change in spending.
C. the initial change in spending times the multiplier.
D. the initial change in spending divided by the multiplier.
Answer: C
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The crowding-out effect refers to
A) government spending crowding out private spending. B) private saving crowding out government saving. C) government investment crowding out private investment. D) private investment crowding out government saving.
Charting observations on a semi-logarithmic graph will help the analyst to ascertain whether
A) absolute changes from period to period are constant. B) whether percentage changes from period to period are constant. C) whether percentage changes from period to period are declining. D) Both B and C
The concept of workplace is changing with 24-7 access. Work and family life has become more complicated as it is harder to turn off work, a study showed that:
a. Smaller organizations may be more nurturing than larger ones. b. Executives are more time stressed than people in low-demand, low pay jobs c. The affluent have the most work-family conflicts d. Caregivers don't have much conflict because they stay at home
Politicians tend not to support the policy solutions to end structural stagnation, because they would:
A. politicians aren't interested in solving society's problems. B. politicians have to worry about getting reelected. C. politicians don't like economists. D. give more power to the Federal Reserve to fix the economy.