The equation M × V = P × Y is called the
a. multiplier formula.
b. transactions formula.
c. equation of exchange.
d. balanced exchange formula.
c
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Suppose the overall MPC is 0.75 and the marginal propensity to import is 0.25. A $4 billion increase in U.S. exports will lead to a ________ increase in GDP
A) $6 billion B) $8 billion C) $12 billion D) $16 billion
National health insurance programs:
A. are starting to be implemented in poorer areas like Ghana to increase access to health care. B. still face challenges in some areas to provide good, high quality care. C. can increase use of health clinics versus traditional village doctors, who often have no training. D. All of these statements are true.
The median voter rule says that the government will make choices that reflect the preferences of the voters whose preferences are held by at least 51% of the voters.
Answer the following statement true (T) or false (F)
Suppose policy makers overestimate the natural rate of unemployment. In situations like these, policy makers will likely implement policies that result in
A) less unemployment than necessary. B) an unemployment rate that is "too low." C) a lower inflation rate than necessary. D) a steadily increasing inflation rate. E) overly expansionary monetary and fiscal policy.