Refer to the information provided in Figure 24.4 below to answer the question(s) that follow.
Figure 24.4Refer to Figure 24.4. What is the value of the tax multiplier?
A. -9
B. -8
C. -4
D. -2
Answer: C
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Which of the following is NOT a determinant of household saving?
A) the nominal interest rate B) disposable income C) the household's wealth D) expected future income
Refer to Table 3-4. The table above shows the demand schedules for cashews of two individuals (Jordy and Amy) and the rest of the market. At a price of $6, the quantity demanded in the market would be
A) 87 lbs. B) 95 lbs. C) 103 lbs D) 215 lbs.
One of the most serious effects of a banking panic is that
a. banks will not earn as much profit b. banks will no longer be trusted by the public c. people will not place their excess money in banking accounts d. people may lose any accrued interest on their accounts e. large withdrawals of cash lead to a severe decrease in reserves and ultimately in the money supply
Which types of industries are hit hardest by a recession? Explain.
What will be an ideal response?