In a simple Keynesian model, an increase in income leads to an increase in
A) savings.
B) investment.
C) the price level.
D) the money supply.
A
Economics
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If Sam is willing to pay $50 for one good X, $30 for a second, $20 for a third, $8 for a fourth, and the market price is $10, then Sam's consumer surplus is:
a. $10 b. $40. c. $70 d. $100.
Economics
How can the multiplier help macroeconomic policymakers determine how much additional investment or government purchases are necessary to reach full employment?
What will be an ideal response?
Economics