One of the first organizations to investigate the business cycle was
A) the Federal Reserve System.
B) the National Bureau of Economic Research.
C) the Council of Economic Advisors.
D) the Brookings Institution.
B
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After the imposition of the quota, the amount of revenue collected by the government is ________. 
A. $75,000 B. $0 C. $150,000 D. $50,000
In its simplest form, purchasing power parity would mean that a good in one country
A) would have the same exchange-rate adjusted price in another country. B) will be available for sale in another country. C) will reflect the exchange rate in another country. D) will reflect the transportation cost differences in another country.
In general, activists are ________ about the ability of the economy to remain stable and non-activists are ________
A) pessimistic; optimistic B) optimistic; optimistic C) pessimistic; pessimistic D) optimistic; pessimistic
Suppose the only leakages are savings and taxes. The tax rate is 0.2 and the multiplier is 1.92. These values imply that the marginal propensity to consume is
A) 0.32. B) 0.60. C) 0.68. D) 0.8.