To escape poverty, a country needs
a. Western banks to report deposits by corrupt officials
b. to develop laws and regulations to ensure the transparent management of natural resources
c. special trade advantages
d. ten years of domestic peace
e. All of the answers are correct
E
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In the short-run Keynesian model, if the mpc equals 0.8, then to decrease aggregate spending by $30 billion at any output level, government spending must be decreased by ________ or net taxes must be increased by ________.
A. more than $30 billion; more than $30 billion B. $30 billion; $30 billion C. $30 billion; more than $30 billion D. less than $30 billion; less than $30 billion
Which of the following price indices comes closest to measuring the cost of living of the typical household?
A) GDP deflator B) consumer price index C) producer price index D) household price index
Which of the following events could explain an increase in interest rates together with an increase in investment?
a. The government runs a larger deficit. b. The government institutes an investment tax credit. c. The government replaces the income tax with a consumption tax. d. None of the above is correct.
What has been the effect of hydraulic fracturing?
A. increased Superfund payments and disbursements B. reduced reliance on fossil fuels C. increased availability on renewable energy D. increased production of and lower prices for natural gas and oil