Answer the following statement(s) true (T) or false (F)
According to economist Paul? Romer, ideas are what drive economic growth.
True
Economics
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Suppose the marginal propensity to consume is 0.8. According to the model in the text, how much would equilibrium output go up if the government increased spending by $500 million (assuming all other factors are held constant)?
Select one: a. $400 million b. $625 million c. $900 million d. $2,500 million
Economics
Why do nations engage in international trade?
What will be an ideal response?
Economics