Author Question: If MPC = 0.9, equilibrium real GDP is 1,000 . and full-employment real GDP is 2,000 . then how much ... (Read 24 times)

tnt_battle · **on:** Jun 30, 2018

If MPC = 0.9, equilibrium real GDP is 1,000 . and full-employment real GDP is 2,000 . then how much should government spending change to bring about full employment?
a. +1,000.
b. 100.
c. +900.
d. +100.
e. 0.9.

Question 2

The Federal Reserve Board of Governors consists of:
a. 50 members selected by state legislatures.
b. 12 members, one from each Federal Reserve District.
c. 12 members nominated by the President and confirmed by the Senate.
d. seven members elected by Congress.
e. seven members nominated by the President and confirmed by the Senate.