Which of the following is NOT one of the factors that could affect the size of the multiplier?
A) What sector of the economy receives the initial increase in spending
B) How the spending is financed
C) Whether the economy is in recession or at full employment
D) Whether the economy is in autarky equilibrium
D
You might also like to view...
The ________ effect of a price change refers to the impact of a change in the price of a good on a consumer's purchasing power
A) income B) substitution C) ceteris paribus D) demographics
The Taylor rule says that the fed funds rate target is a function of all of the following, except
A) the actual inflation rate. B) the target inflation rate. C) the percentage difference between actual and potential real GDP. D) the level of borrowed reserves.
Which of the following is unlikely to occur as a result of a price support program?
A) A reduction in consumer surplus B) A reduction in producer surplus C) An increase in quantity purchased D) An economic cost to government E) Improved economic efficiency
Let the TC curve be given by the equation TC(Q) = 6Q. The FC curve can be expressed as
A. 6Q. B. 6. C. 0. D. It cannot be determined with the information given