If the marginal propensity to save is 0.1 and government spending is raised by $5 billion, then total aggregate spending will rise by:

A. $500 million.
B. $5 billion.
C. $10 billion.
D. $50 billion.


D. $50 billion.

Economics

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The basic data source to track the number of unemployed comes from a calculation of applications for new unemployment benefits

a. True b. False Indicate whether the statement is true or false

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Explain what economists mean when they say that the United States is a net debtor nation. Identify a potential problem and a positive aspect associated with this status.

What will be an ideal response?

Economics

Indexing Social Security payments is done using the:

A. PPI. B. RPI. C. CPI. D. GDP deflator.

Economics

If a price ceiling is imposed, then:

A. the market supply curve will shift to the right. B. the market demand will shift to the left. C. a shortage of product will result. D. the market equilibrium price is below the level the government wishes to achieve.

Economics