If a government wants to pursue an expansionary fiscal policy, then a tax cut of a certain size will be more expansionary when the:
A. Economy's MPS is small
B. Economy's MPS is large
C. Economy's MPC is small
D. Unemployment rate is low
A. Economy's MPS is small
Economics
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The low-income countries in the world, many of them located in Africa and Asia, often have GDP per capita of less than __________ per year.
a. $30,000 b. $10,000 c. $5,000 d. $2,000
Economics
The largest markets for both U.S. exports and imports in 2011 were
a. China/Japan. b. Western Europe. c. the Pacific Rim countries. d. Canada/Mexico.
Economics
Figure 10-9 shows the demand and cost curves for a monopolist. Refer to Figure 10-9. What is the economically efficient output level?
Economics
When a $500 check is cleared from Bank A to Bank B, the M2 money supply:
a. Increases permanently. b. Falls permanently. c. Does not change.
Economics