To close a $100 recessionary gap, with MPC = 0.5, the government can
a. increase its spending by $100
b. decrease its spending by $100
c. increase its spending by $200
d. increase its spending by $200
e. decrease its spending by $50
A
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Over time, the percentage of total employment in services has ________ and in agriculture, employment has ________
A) increased; increased B) decreased; increased C) stayed about the same; decreased D) stayed about the same; increased E) increased; decreased
The domestic market failure argument is a particular case of the theory of
A) the optimum, or first-best. B) the second best. C) the third best. D) the sufficing principle. E) the efficiency case for free trade.
Discuss how successful the American Recovery and Reinvestment Act was at increasing real GDP and employment
What will be an ideal response?
Which of the following countries' economic development began with government encouragement of cartel formation?
a. United States b. Israel c. Brazil d. Germany e. Canada