Each step up the education ladder improves the incomes of white males but not of black males
Indicate whether the statement is true or false
F
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If the marginal propensity to consume (MPC) is 0.75 and government purchases increase by $200 billion, then
A) equilibrium real Gross Domestic Product (GDP) will increase by $50 billion. B) the effect on equilibrium real Gross Domestic Product (GDP) cannot be determined from the given information. C) equilibrium real Gross Domestic Product (GDP) will increase by $800 billion. D) equilibrium real Gross Domestic Product (GDP) will increase by $200 billion.
What policies can a government undertake to achieve faster economic growth?
What will be an ideal response?
The only way standard of living can increase is through increases in labor productivity
a. True b. False Indicate whether the statement is true or false
In the situation shown on this graph, the multiplier effect on aggregate demand is ______.
a. half the effect the initial government purchase has on it
b. double the effect the initial government purchase has on it
c. equal to the effect the initial government purchase has on it
d. equal but opposite to the effect the initial government purchase has on it