The multiplier that arises from equal increases in government spending and taxes is called the

Tom takes 20 minutes to cook an egg and 5 minutes to make a sandwich. Jerry takes 15 minutes to cook an egg and 3 minutes to make a sandwich. Both individuals will be better off if

A) Tom trades sandwiches in exchange for eggs. B) Jerry trades sandwiches in exchange for eggs. C) they trade, no matter who trades sandwiches and who eggs. D) they don't trade.

Under the gold standard, a nation with a balance of payments deficit would experience a gold:

A. inflow and an increase in its money supply. B. inflow and a reduction in its money supply. C. outflow and an increase in its money supply. D. outflow and a reduction in its money supply.