Refer to the information provided in Figure 7.5 below to answer the question(s) that follow. 
Figure 7.5Refer to Figure 7.5. Diminishing marginal returns set in after the ________ worker is hired.
A. first
B. fifth
C. eighth
D. sixteenth
Answer: B
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Suppose we are working with the simplest possible Keynesian-cross multiplier, but with the permanent-income hypothesis figured in. If k = 0.88,
and j = 0.25, the multiplier of a $1 change in government spending goes from ________ in the short run to ________ in the long run. A) 8.33, 1.28 B) 1.28, 8.33 C) 8.33, 4.00 D) 1.13, 4.00 E) 4.54, 8.33
Econometrics is the use of statistics to _____ economic models
a. quantify and test b. try to disprove c. avoid the use of d. create e. simulate
Since 1990 the highest economic growth rates in the world have occurred in
A. The United States. B. Nigeria. C. India. D. China.
When the federal government borrows money, the resulting ________ in interest rates will lead private investment to ________.
A. increase; rise B. increase; fall C. decrease; fall D. decrease; rise