Suppose the government increases unemployment benefits, which are paid for with higher taxes on earnings. If the marginal propensity to consume is the same for both the beneficiaries of the unemployment benefits and the workers paying taxes, _____.
a. GDP will first increase and then fall.
b. There will be no change in real GDP.
c. Real GDP will increase substantially.
d. Real GDP will fall substantially.
e. GDP will first fall and then increase.
Question 2
If the consumer price index (CPI) is 160 one year and 175 the next, the annual rate of inflation as measured by the CPI is approximately _____.
a. 4.5 percent
b. 8.6 percent
c. 9.4 percent
d. 15 percent
e. 175 percent
Exercise increases the heart rate.
Male Turkmen in the wealthier half of the population had higher fertility rates than those in the po
In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con
Monozygotic twins’ scores for five personality factors show higher correlations than scores for ...
If the gauge reading is now much higher than the first test results, then the cause of the low ...
Growth of Government Spending, 1870–2009