The multiplier applies to:
A. investment but not to net exports or government spending.
B. investment, net exports, and government spending.
C. increases in spending but not to decreases in spending.
D. spending by the private sector but not by the public sector.
B. investment, net exports, and government spending.
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Number of WorkersTotal ProductMarginal Product00-1882 10325 430 5 3634 Refer to the above data. The marginal product of the fourth worker:
A. is 7. B. is 71/2. C. is 5. D. cannot be calculated from the information given.
A increase in demand coupled with a simultaneous and bigger decrease in supply will cause equilibrium:
A. Price to go up and quantity to go down B. Price to go up and quantity to go up C. Price to go down and quantity to go down D. Price to go down and quantity to go up
Which is the fastest growing component of the federal government budget?
A. spending on the military and the war on terrorism B. spending to improve the nation's public education C. spending on entitlements D. spending to improve and expand the nation's infrastructure
If the relationship between the change in the inflation rate and the unemployment rate is depicted by the PP curve, then the value of the unemployment rate where the PP curve crosses zero is the nonaccelerating inflation rate of unemployment.
Answer the following statement true (T) or false (F)