Among 33 major economies, government spending (relative to GDP) in the United States is ________
A) relatively low
B) remarkably high
C) about average
D) lowest of all
A
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Refer to the above graph for a private closed economy. The multiplier for the above economy is:
A. 2
B. 3
C. 4
D. 5
Suppose Matt's New Cars issues and sells a one-year discount bond for $9,259 and repays $10,000 at maturity. The interest rate on this bond would be
A) 2.6%. B) 7.41%. C) 8%. D) 10%.
If you are faced with the choice of receiving $500 today or $800 6 years from today, you will be indifferent between the two possibilities if the interest rate is 8.148 percent
a. True b. False Indicate whether the statement is true or false
"The economic wealth of this country is primarily the result of the profit made by some individuals at the expense of others." The person who made this statement
What will be an ideal response?