Use the following graph for a private closed economy to answer the next question. 
The multiplier for the above economy is
A. 2.
B. 3.
C. 4.
D. 5.
Answer: B
You might also like to view...
If government-assured medical and other benefits increase the labor costs, everything else remaining constant, then firms will tend to hire more of the other resources instead of labor
a. True b. False Indicate whether the statement is true or false
Life expectancy at birth is one of the measures used by the Human Development Index (HDI) to measure the quality of human life in different nations.
a. true b. false
An association of producers in an industry that agree to set common prices and output quotas to prevent competition is
A) an oligopolist. B) a monopolistic competitor. C) a constrained monopoly. D) a cartel.
The formula ?q/?L represents
A. the marginal product of labor. B. the average product of labor. C. total product. D. the capital-to-labor ratio.