International trade tends to lower the value of the multiplier because
A. imports fall as GDP increases.
B. net exports fall as GDP increases.
C. net exports tend to rise as GDP increases.
D. exports fall as GDP increases.
Answer: B
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Refer to Table 15-4. What is the amount of the deadweight loss generated by Shakti when it produces the monopoly output?
A) $124 B) $42 C) $36 D) $12
The marginal propensity to consume plus the marginal propensity to invest equal one
Indicate whether the statement is true or false
When the European System of Central Banks uses main refinancing operations, it is similar to the Federal Reserve using
A) dynamic open market operations. B) defensive open market operations. C) discount policy. D) reserve requirements.
The financial statement that shows how revenue is converted into the bottom line is called
A) the sources and uses of funds statement. B) the Sarbanes report. C) the income statement. D) the balance sheet.