In economics, the term "marginal" refers to
A) total.
B) a change in the total.
C) average change.
D) inverse.
Answer: B
Economics
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Assume that GDP = $10,000 and the MPC = 0.75. If policy makers want to increase GDP by 30 percent, and they want to change taxes and government spending by equal amounts, how much would government spending and taxes each need to increase?
A) $300 B) $750 C) $1,000 D) $3,000
Economics
Refer to Table 4.2. With which scenario will you be best off by investing in Japanese bonds instead of U.S. bonds?
A) A B) B C) C D) D
Economics
If the reserve ratio is 8 percent, then the money multiplier is
a. 12.5. b. 11.5. c. 13.5. d. 8.
Economics
Which of the following is correct if real GDP is $20.5 trillion and spending is $20 trillion?
What will be an ideal response?
Economics