Investment increases by $200 million and the value of MPC is 0.75 . What would be the total increase in spending?
a. $200 million
b. $266 million
c. $750 million
d. $800 million
d
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The demand for loanable funds curve shows that as the ________ interest rate increases, there will be ________ the curve
A) nominal; a rightward shift in B) real; a rightward shift in C) nominal; movement down along D) real; movement up along.
Which of the following economists is often credited with establishing the monetarist school of thought?
a. John Maynard Keynes b. Arthur Laffer c. A. W. Phillips d. Milton Friedman
In a market where a positive externality is present, the effect of a government subsidy would be to ensure:
A. a more fair distribution of surplus. B. an efficient outcome. C. that those who enjoy the benefit receive the surplus. D. All of these statements are true.
The poverty rate is
a. a measure of income inequality across families. b. the percentage of the population whose family income falls below a specified level. c. an absolute level of income set by the federal government for each family size. d. measured by the number of in-kind transfers that a family receives.