The formula for the multiplier can be written as change in
a. Y/change in I.
b. I/change in Y.
c. Y/change in C.
d. Y/change in GDP.
a
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
Refer to Table 2-18. What is Mickey's opportunity cost of making a hat?
A) 1/10 of an umbrella B) 1/5 of an umbrella C) 5 umbrellas D) 10 umbrellas
Government debt which pays for ________ is a burden in that it yields no ________ benefits
A) hospitals, future B) ammunition for military target practice, current C) Social Security benefits, future D) public universities, current
The subject of borrowing by the U.S. from its citizens and from other countries, has resulted in one of the fiercest policy debates in recent years
a. True b. False Indicate whether the statement is true or false