Assume that there is a $20 billion increase in government purchases. If MPC = 0.8, the sum of the indirect effect on aggregate demand through induced additional consumption purchases is equal to:
a. $16 billion

What was the official poverty level for a person living alone in 2012?

a. 10,900 b. 11,170 c. 18,850 d. 23,050

Under a fixed exchange-rate system, a large fall in the market price (the exchange rate value) of a currency is called a(n) ________ of that currency.

A. revaluation B. depreciation C. devaluation D. appreciation