Refer to the information provided in Figure 34.1 below to answer the question(s) that follow.
Figure 34.1Refer to Figure 34.1. The open economy multiplier is
A. 1.25.
B. 2.
C. 4.
D. 8.
Answer: A
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Cartels are unstable due to all of the following factors except which one?
A) incentive to act in self-interest B) incentive for each firm to serve as the whistle -blower C) entry of new firms into the market D) trade groups
Excluded from the GDP are
a. military services. b. postal services. c. medical services. d. non monetary transactions.
Which of the following is true?
A. When a family migrates, there may be both tied movers and tied stayers in the family. B. Cultural assimilation is not included in migration costs. C. A repeat mover must have made a mistake in the initial move. D. A family will move even though as a unit they are better off staying as long as at least one member of the family is made better off by moving. E. A person might choose to not move because their family is better off by not moving, even though the person would individually be better off by moving.
Developing countries have:
A. different normative economic goals than developed countries, because they have much lower per capita incomes. B. different normative economic goals than developed countries, because they have less unemployment. C. the same normative economic goals as developed countries, even though they have much lower per capita incomes. D. different normative economic goals than developed countries, because they have lower inflation.