The balanced-budget multiplier is equal to
A) 1.
B) the reciprocal of the increase in government expenditures.
C) the percentage increase in taxes.
D) the percentage increase in government expenditures.
A
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Which of the following is most likely to result from a stronger dollar?
A) U.S. goods exported aboard will cost less in foreign countries, and so foreigners will buy more of them. B) U.S. goods exported aboard will cost more in foreign countries and so foreigners will buy more of them. C) U.S. goods exported abroad will cost more in foreign countries, and so foreigners will buy fewer of them. D) Americans will purchase fewer foreign goods.
Marginal factor cost is
A) the change in the value of output from using an additional unit of the factor. B) the cost of an additional unit of output. C) the total value of factor cost divided by the one cost that is being held constant. D) the cost of using an additional unit of an input.
Government intervention in the economy with the goal of promoting technology-producing industries is known as patent policy
a. True b. False Indicate whether the statement is true or false
When tax code changes reduce saving incentives, the interest rate will _____ and investment will _____
Fill in the blank(s) with correct word