Suppose the government increases unemployment benefits, which are paid for with higher taxes on earnings. If the marginal propensity to consume is the same for both the beneficiaries of the unemployment benefits and the workers paying taxes, _____.
a. GDP will first increase and then fall.
b. There will be no change in real GDP.
c. Real GDP will increase substantially.
d. Real GDP will fall substantially.
e. GDP will first fall and then increase.
Question 2
If the consumer price index (CPI) is 160 one year and 175 the next, the annual rate of inflation as measured by the CPI is approximately _____.
a. 4.5 percent
b. 8.6 percent
c. 9.4 percent
d. 15 percent
e. 175 percent
Male Turkmen in the wealthier half of the population had higher fertility rates than those in the po
Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de
The averaging of an auditory evoked potential. Averaging increases the signal-to-noise ratio.
The population of Asia increases rapidly, the demand for food and water is also growing
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