If MPC is .8 and investment rises by $30 billion, GDP will rise by $_________.
Fill in the blank(s) with the appropriate word(s).
150 billion
You might also like to view...
The decrease in consumer surplus and producer surplus that results from an inefficient level of production is called the
A) external cost. B) external benefit. C) deadweight loss. D) big tradeoff.
The difference between an agency office located abroad and a subsidiary bank located abroad is
A) an agency office is just a home bank in another country while a subsidiary bank is controlled by a foreign bank and subject to the same regulations as local banks. B) an agency office is just a home bank in another country while a subsidiary bank arranges loans and transfers funds but does not accept deposits. C) an agency office arranges loans and transfers funds but does not accept deposits while a subsidiary bank is controlled by a foreign bank and subject to the same regulations as local banks. D) an agency office arranges loans and transfers funds but does not accept deposits while a subsidiary bank is just a home bank in a foreign country. E) an agency office is controlled by a foreign bank and subject to the same regulations as local banks while a subsidiary bank arranges loans and transfers funds but does not accept deposits.
Assume an industry initially in equilibrium has a price floor imposed at a price above the equilibrium price. Total revenue received by the producers from sales will: a. rise as a result
b. rise as a result only if supply is elastic. c. rise as a result only if demand is elastic. d. rise as a result only if demand is inelastic.
Which of the following provides the strongest evidence that a firm operating in the highly competitive retail sector is failing to provide goods and services that consumers value highly relative to their cost?
a. The firm is making losses, and its sales are declining. b. The top-level managers of the firm are paid high salaries. c. The wages earned by the employees of the firm are low. d. The firm is a large corporation. e. The firm is highly profitable, and its sales have grown rapidly.