If the multiplier is 6, then the MPC is
a. 0.16.
b. 0.83.
c. 0.71.
d. 0.86.
b
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Over the past fifty years, there has been substantial closure of the gap in real GDP per person between which of the following groups of countries?
A) the United States and Central and South America B) Africa and Western Europe C) Central and South America and Africa D) the United States and Japan
Refer to Table 1-2. Using marginal analysis, by how many hours should Thuy Anh extend her flower shop's hours of operations?
A) 2 hours B) 3 hours C) 4 hours D) 5 hours E) 6 hours
If MUa/Pa is greater than MUb/Pb, and the consumer is consuming both goods, the consumer is not maximizing utility. True or false. Explain
What will be an ideal response?
To increase the money supply, the Fed might: a. increase the reserve requirement and the discount rate
b. decrease the reserve requirement and the discount rate. c. increase the reserve requirement and decrease the discount rate. d. sell government securities and increase the discount rate. e. sell bonds on the open market and increase the reserve requirement.