Question 1
A $100 million increase in government spending causes
◦ an equal amount of change in equilibrium output in an open and a closed economy.
◦ a larger change in an open economy than in a closed economy.
◦ a larger change in a closed economy than in an open economy.
◦ a larger change in a closed economy than in an open economy if the
MPM is zero.
Question 2
Which of the following statements is
true?
◦ The larger a nation's marginal propensity to consume, the smaller the open-economy multiplier.
◦ The smaller a nation's marginal propensity to import, the smaller the open-economy multiplier.
◦ The larger a nation's marginal propensity to export, the smaller the open-economy multiplier.
◦ The larger a nation's marginal propensity to import, the smaller the open-economy multiplier.
True-color image of layers of haze in Titan's atmosphere.
true story
True Forget-Me-Not
Examples of Mission Statements
True Dover Sole
Midsagittal section indicating locations of true and false pelves