Assume there is no government or foreign sector. If the multiplier is 2, a $20 billion increase in planned investment will cause aggregate output to increase by
A. $5 billion.
B. $10 billion.
C. $20 billion.
D. $40 billion.
Answer: D
Economics
You might also like to view...
Refer to the figure above. What is the producer surplus after Barylia opens up to free trade?
A) $225 B) $550 C) $750 D) $900
Economics
Copper falls into which factor of production category?
A) land B) labor C) capital D) entrepreneurship
Economics
If a $5,000 face-value discount bond maturing in one year is selling for $5,000, then its yield to maturity is
A) 0 percent. B) 5 percent. C) 10 percent. D) 20 percent.
Economics
Monopolistic competition is a type of
a. oligopoly. b. market structure. c. price discrimination. d. advertising strategy.
Economics