If the MPC is 0.6, and the government increases its spending by $300b, the overall effect on GDP will be:

If, as your taxable income decreases, you pay a smaller percentage of your taxable income in taxes, then the tax is

A) proportional. B) unfair. C) progressive. D) regressive.

Which order does the Federal Reserve's plan for implementing monetary policy follow?

A) Tools => Intermediate Targets => Operating Targets => Goals B) Goals => Tools => Intermediate Targets => Operating Targets C) Tools => Operating Targets => Intermediate Targets => Goals D) Tools => Goals => Operating Targets => Intermediate Targets