If wealthy U.S. consumers save most of their tax cut, this means that, compared to government spending changes,
a. tax changes would have a higher multiplier effect.
b. tax changes would have a weaker multiplier effect.
c. government spending would have a weaker multiplier effect.
d. U.S. consumers would spend all of their tax cut.
b
Economics
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In the four-quadrant diagram of the specific factors model, the graph in the lower right quadrant is a country's
A) production function for cloth. B) production possibility frontier. C) labor allocation constraint. D) production function for food. E) labor supply curve.
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The Case-Shiller index reached its peak in
A) 2006. B) 2007. C) 2005. D) 2008.
Economics