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
Earth’s history spans 4.5 billion years. Geologists and paleontologists have pieced together the his
Seven black members of Congress in 1871 are from left to right: Senator Hiram Revels (R-MS) and Repr
The Clean Development Mechanism allows developed countries
Mastering Biology Question
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ...