If the consumption function is C = 120 +_.8(Y-T) in the basic Keynesian model, then in the government spending multiplier is:
a. 5.
b. 4.
c. 1.25.
d. .8
A
You might also like to view...
In the figure above, what is the slope of the curve at point A?
A) 0.75 B) -0.75 C) 1.33 D) -1.33 E) zero
A "stair-like" market supply curve is the result of
A) higher cost firms charging a higher price for their products. B) firms having different costs. C) firms shutting down in the long run. D) average variable costs that are higher than average fixed costs.
If the firm can only afford developing one of the software, which one would it rather develop (based on expected profit/gain)
a. The simple voice-activated software b. The complicated thought-activated software c. Neither of the software d. Need more information
In the U.S. over the past century, increases in labor
a. supply have outpaced increases in labor demand, causing the average wage rate to fall b. supply have outpaced increases in labor demand, causing the average wage rate to rise c. demand have outpaced increases in labor supply, causing the average wage rate to fall d. demand have outpaced increases in labor supply, causing the average wage rate to rise e. demand have occurred at the same pace as increases in labor supply, so the average wage rate has remained unchanged