If an increase in investment of $100 billion generates an increase of $500 billion in real GDP, the multiplier is
a. 20.
b. 50.
c. 1.50.
d. 5.00.
d
Economics
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A. something hard to find B. a want C. something they can live without D. a need
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If you use $500 of currency to make a deposit in a saving deposit
A) M1 decreases, but M2 is unchanged. B) M1 decreases and M2 increases. C) M1 is unchanged, but M2 increases. D) M1 and M2 both increase.
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Distinguish between macroeconomics and microeconomics
What will be an ideal response?
Economics
The cross-price elasticity of two goods is 2. This tells us the two goods are:
A. substitutes. B. complements. C. unrelated. D. inelastic.
Economics