The multiplier can be expressed as the ratio of the change in Y over the change in I.
Answer the following statement true (T) or false (F)
True
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Which of the following would be shown on IBM's accounting statement?
a. revenue, implicit costs, explicit costs, and economic profit b. revenue, implicit costs, explicit costs, and accounting profit c. revenue, explicit costs, and economic profit d. revenue, explicit costs, and accounting profit e. revenue, implicit costs, and accounting profit
________ is financed through a payroll tax.
A. The Earned Income Tax Credit program B. The Social Security system C. The Public Housing program D. The SNAP program
If real GDP is $4 billion, the price level is 1.25, and the nominal money stock is $500 million, then velocity is
A. 1. B. 10. C. 0.1. D. 100.
We have run trade deficits every year since ________.
Fill in the blank(s) with the appropriate word(s).