If there're no tax and imports, the relationship between the multiplier and the MPC is
What will be an ideal response?
that as the MPC increases, so does the value of the multiplier.
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If an excise tax is placed on a product that has a perfectly inelastic demand, then:
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Regarding the Patient Protection and Affordable Care Act (ACA)
A) most economists and policymakers agree that the ACA should be repealed and replaced with market-based reforms. B) most economists and policymakers agree that the ACA should be repealed and replaced with a single-payer health care system. C) most economists favor replacing the ACA with market-based reforms and most policymakers favor replacing the ACA with a single-payer health care system. D) there is still considerable debate among economists and policymakers with respect to amending or repealing the ACA.