A one-unit increase in government expenditures should, according to the model, increase GDP by
A) 0.
B) between zero and one unit.
C) one unit.
D) more than one unit.
B
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Which of the following policies would reduce structural unemployment?
A) implementing an unemployment insurance policy B) a job retraining program C) building an online job database that helps workers find jobs D) an increase in the minimum wage
Aid to Families with Dependent Children was a government program with the goal of:
A. redistribution. B. social insurance. C. economic growth. D. None of these is true.
The unemployment rate measures the percentage of discouraged workers in the labor force
a. True b. False Indicate whether the statement is true or false
If the money supply is $3,000, velocity is 4 and the price level is $2, then Real GDP is _____________ units of output. If the money supply doubled over a short time period to $6,000, the simple quantity theory of money would predict that ______________________
A) 3,000; the price level would double B) 6,000; Real GDP would double C) 625; the price level would be cut in half D) 6,000; the price level would double