Suppose that Congress allocates 1 billion to clean up after hurricanes in 2016. It also raises taxes by 1 billion to keep the deficit from growing. If the marginal propensity to consume is 0.9, what is the effect on equilibrium GDP?
A) GDP increases by 900,000. B) GDP increases by 10 billion.
C) GDP increases by 1 billion. D) GDP does not change.
Question 2
Refer to Table 1-3. What is Santiago's marginal cost if he decides to stay open for an extra two hours instead of one hour?
A) 18 B) 36 C) 38 D) 102
Uranus revolves around the Sun once every 84 Earth years. Its average distance from the Sun is rough
Blocked at every turn by congressional Republicans who hated him, President Obama turned to techniqu
A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
The level in the coolant recovery system raises and lowers with engine temperature.
Notice how clean the engine appears. This is a testament of proper maintenance and regular ...
Changing Patterns of Climate:Hurricanes and the Atlantic Multidecadal Oscillation