In reality, the simple spending multiplier 1/(MPS+MPI) is ...

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In reality, the simple spending multiplier 1/(MPS+MPI) is applicable only to countries whose imports are a substantial fraction of income in foreign countries.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Other things constant, an increase in the price of beef will:
 a. encourage consumers to buy more beef.
 b. discourage consumers from buying as much beef.
  c. shift the demand curve for beef to the right.
 d. shift the demand curve for beef to the left.

[ebe]

Answer to Question 1

False

Answer to Question 2

b

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