Question 1
A $250 million decrease in government spending causes
◦ a larger change in a closed economy than in an open economy if the
MPM is zero.
◦ a larger change in a closed economy than in an open economy.
◦ a larger change in an open economy than in a closed economy.
◦ an equal amount of change in equilibrium output in an open and a closed economy.
Question 2
Which of the following statements is
true?
◦ The larger a nation's marginal propensity to consume, the larger the open-economy multiplier.
◦ The larger a nation's marginal propensity to import, the larger the open-economy multiplier.
◦ The smaller a nation's marginal propensity to export, the larger the open-economy multiplier.
◦ The smaller a nation's marginal propensity to save, the smaller the open-economy multiplier.
TrUe....FaLsE
True-color image of layers of haze in Titan's atmosphere.
true story
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How to convert verbal statements into algebraic equations (Part 3)