To maintain their standard of living, most people rely on
a. government assistance.
b. their personal savings.
c. their labor earnings.
d. rental income.
c
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If an increase in government spending of $20 million results in a $100 million increase in GDP, then the spending multiplier is
A) 0.2. B) 2.5. C) 5. D) 20.
A possible explanation for a natural phenomenon is called
A. the scientific method. B. a theory. C. a value judgment. D. normative economics.
Concerns about the bankruptcy of an appliance manufacturer diminish after a new CEO is appointed and some of the company's less productive factories are sold. What type of risk for bondholders falls? What happens to the interest rate on this company's bonds?
If the United States looks more economically and politically stable relative to the rest of the world, this will
A) decrease the demand for dollars. B) increase the demand for dollars. C) have no effect on the demand for dollars. D) stop all trading between the currencies of the United States and other countries.