Which of these is not a beneficial supply shock?
What will be an ideal response?
establishment of the Occupational Safety and Health Administration (OSHA)
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If the MPC equals 0.75, then
A) for every $100 increase in consumption, real Gross Domestic Product (GDP) increases by $75. B) for every $100 increase in real Gross Domestic Product (GDP), saving increases by $25. C) consumption is always more than real Gross Domestic Product (GDP). D) for every $100 increase in real Gross Domestic Product (GDP), saving increases by $75.
A recent push in development economics is to:
A. put more focus on a program's effectiveness. B. fund only those programs that prove to be effective. C. stop the trial and error process of funding programs that "might" work. D. All of these statements are true.
Gross Domestic Product equals $1.2 trillion. If consumption equals $690 billion, investment equals $200 billion, and government spending equals $260 billion, then:
In the goods market:
A. businesses produce goods and services and sells them to households and government. B. government produces goods and services and supplies them to households and businesses. C. households supply factors of production to businesses and are paid by businesses for doing so. D. households supply goods to businesses and are paid by businesses for doing so.