The impact of the multiplier effect is to:
a. smooth out the up and down swings of the business cycle.
b. promote price stability.
c. magnify small changes in spending into much larger changes in real GDP.
d. reduce the impact of an increase in investment on output and employment.
c
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The equilibrium price in the money market is the:
A) inflation rate. B) exchange rate. C) interest rate. D) none of the above.
Explain why the supply-and-demand model should not be used to analyze the market for jeans
What will be an ideal response?
Immigration of workers into the United States is often an important source of
a. increases in the demand for labor in the United States. b. decreases in the demand for labor in the United States. c. increases in the supply of labor in the United States. d. decreases in the supply of labor in the United States.
The production possibilities curve suggests that a nation cannot live beyond its means or production potential. Explain why international trade would cause this statement to be modified
Please provide the best answer for the statement.