Among the following MPC values, which one would have the highest multiplier effect?
a. 1/3
b. 2/3
c. 3/4
d. 2/5
c
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Falling growth rates during the 2007-2009 recession occurred:
A. only in the United States. B. in the United States and Canada, but not in Germany, the United Kingdom, or Japan. C. only in the high-tech sectors of the U.S. economy. D. in the United States, Canada, Germany, the United Kingdom, and Japan.
Refer to Figure 4-1. What is the total amount that Arnold is willing to pay for 3 burritos?
A) $1.50 B) $6.00 C) $7.00 D) $10.00
What conditions might be required for an import-substitution policy to be effective? What advantages might it bring?
What will be an ideal response?
John Maynard Keynes advocated policies that would increase aggregate demand as a way to decrease unemployment caused by recessions
a. True b. False Indicate whether the statement is true or false