If the government wishes to increase GDP by $1,000b, and the MPC is 0.6, it should increase its spending by:

The fraction of deposits that banks are required by law to hold and not lend out are called its

A) required reserves. B) net worth. C) excess reserves. D) reserves.

Which of the following statements regarding the production possibilities frontier is TRUE?

A) Points outside the frontier are attainable. B) Points inside the frontier are attainable. C) Points on the frontier are less efficient than points inside the frontier. D) None of the above because all of the above statements are false.