Refer to the information provided in Table 21.2 below to answer the question(s) that follow. Table 21.2
Refer to Table 21.2. The value of government spending in billions of dollars is
A. 200.
B. 600.
C. 800.
D. 1,000.
Answer: D
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If a tax increase of $8 billion caused real GDP to decline by $32 billion, then the economy's MPC is
A. 0.5. B. 0.9. C. 0.6. D. 0.8.
The wealth effect points out that consumption decreases when people's real wealth decreases
Indicate whether the statement is true or false
By definition, a proprietorship is
A) owned by many shareholders. B) a large manufacturing concern. C) owned by a single individual. D) managed by a large group called the "board of directors."
Which list ranks assets from most to least liquid?
a. currency, demand deposits, money market mutual funds b. currency, money market mutual funds, demand deposits c. money market mutual funds, demand deposits, currency d. demand deposits, money market mutual funds, currency