If spending decreased by $400, and the GDP decreased $1,000 as a result, the MPC must be:
A. 0.60
B. 0.75
C. 4
D. 2.5
A. 0.60
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Explain why "bad cars drive out the good ones" in the market for used cars
What will be an ideal response?
Economic growth at constant prices will never lead to a fall in the output of one good
Indicate whether the statement is true or false
Refer to the figure above. With free trade, the total quantity of imports would equal
A) 10,000 units. B) 20,000 units. C) 22,000 units. D) 30,000 units.
A reentrant is an individual
A) in the labor force whose employment was involuntarily terminated. B) who used to work full time but left the labor force and has now reentered it looking for a job. C) in the labor force who quits voluntarily. D) who has never held a full-time job lasting two weeks or longer but is now seeking employment.