Which of the following reduces the magnitude of the expenditure multiplier?
A) higher marginal tax rates
B) decrease in saving
C) decrease in the marginal propensity to consume
D) decrease in imports
E) decrease in government purchases of goods and services
A
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In the figure above, what is Gap's economic profit?
A) zero B) $5,000 C) -$5,000 D) -$1,160
Which of the following serves only the best known and heavily traded securities?
A. NYSE B. Multiple regional exchanges C. AMEX D. NASAQ
Decisions to reduce the money supply are made by ________ and are an example of ________ policy.
A. the Federal Reserve; fiscal B. the President; monetary C. Congress; monetary D. the Federal Reserve; monetary
If the opportunity costs of producing a good increase as more of that good is produced, the economy's production possibility frontier will be
A. a negatively sloped straight line. B. negatively sloped and "bowed inward" toward the origin. C. negatively sloped and "bowed outward" from the origin. D. a positively sloped straight line.