Sophisticated waste treatment plants can reduce organic pollution by up to ________ percent.
A. 25
B. 99
C. 95
D. 75
Answer: B
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As the marginal propensity to consume (MPC) increases, the spending multiplier:
a. increases. b. decreases. c. remains constant. d. becomes undefinable.
Which of the following is the proper order of assets ranked from most to least liquid?
a. Demand deposits, cash in the hands of the public, large time deposits b. Travelers' checks, small time deposits, savings-type accounts c. Small time deposits, large time deposits, demand deposits d. Cash in the hands of the public, savings-type accounts, demand deposits e. Cash in the hands of the public, money market mutual funds, small time deposits
If occupational safety laws were changed so that firms no longer had to take expensive steps to meet regulatory requirements, we would expect that
a. the demand for products in this industry would increase. b. the market price of products in this industry would decrease in the short run but not in the long run. c. the firms in the industry would make a long-run economic profit. d. competition would force producers to pass the lower production costs on to consumers in the long run.
In the short-run Keynesian model where the marginal propensity to consume is 0.75, to offset an expansionary gap resulting from a $1 billion increase in autonomous consumption, transfers must be:
A. increased by $1.33 billion. B. increased by $1 billion. C. decreased by $1.33 billion. D. decreased by $1 billion.