Which of the following would make the spending multiplier smaller?
A) a reduction in marginal propensity to save
B) a small initial trade deficit
C) a reduction in the marginal propensity to import
D) a real appreciation
E) none of the above
Question 2
Which of the following explains why the original Phillips curve relation disappeared or, as some economists have remarked, broke down in the 1970s?
A) Individuals assumed the expected price level for the current year would be equal to the actual price level from the previous year.
B) Individuals assumed that expected inflation would be zero
C) Individuals changed the way they formed expectations of inflation.
D) Monetary policy became contractionary.
E) More labor contracts became indexed to changes in inflation.
The rotifer, Brachionus calyciflorus, is a large predator that consumes the smaller algae, Chlorella
Transverse Breaks the shaft of a bone across its longitudinal axis; the break is in the fibula, the
Lithotripsy. The direction of a sound pulse crushes the stones into smaller fragments that can be pa
Early in the twentieth century, when malnutrition was common, companies such as this one advertised
Marginal Supply - Demand Curve
Growth of Government Spending, 1870–2009