A $1.5 trillion increase in investment leads equilibrium expenditure to increase from $7.0 trillion to $10.5 trillion. In this case, the expenditure multiplier is
A) 7.00. B) 4.67. C) 2.33. D) 1.50. E) 10.5.
C
Economics
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When the economy is producing the maximum amount that it can, increasing the money supply will cause prices and output to increase
Indicate whether the statement is true or false
Economics
Figure 4-21
Refer to . The price paid by buyers after the tax is imposed is
a.
$18.
b.
$14.
c.
$12.
d.
$8.
Economics
The school of thought that emphasizes the natural tendency for an economy to move toward equilibrium full employment is known as the:
A. Keynesian school. B. supply-side school. C. rational expectations school. D. classical school.
Economics
Opportunity cost is the difference between the nominal and real cost of some action.
Answer the following statement true (T) or false (F)
Economics