The government wants to increase its spending by $1 billion to stimulate the economy and is counting on the government spending multiplier to hel
A) constructing more low income housing B) a new cruise missile for the military
C) expanding the school lunch program D) providing textbooks for college students
B
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Which is most likely to be observed in a community where price ceilings are imposed on residential rents?
A. Those whose needs for housing are most urgent will be able to obtain the space they want. B. Poor people will be able to find adequate housing. C. Homeowners will reduce their own use of housing space, making more available to others. D. People moving into the community will have difficulty locating residential space to rent.
George is offered an investment option by his friend. He asks George for $6,900 and offers to repay him $12,990 after a period of ten years
George considers investing his money in his friend's project; however, the bank in his community offers an annual rate of interest of 9% on every deposit. Which do you think is the better investment option for George?
The economic way of thinking views government as a social institution
A) in which people do not compete. B) in which the public interest has priority over private interests. C) whose actions are controlled by the will of the majority. D) whose actions are determined by individuals' perceptions of their self-interest.
By the time the German hyperinflation following World War I ended in November 1923, the price level in Germany was ________ times higher than at the beginning of the hyperinflation
A) 1,000 B) 1 million C) 250 million D) 50 billion