The disastrous famine in North Korea was the result, in great part, of the government's efforts to develop

One reason the oversimplified multiplier is incorrect is that inflation

a. increases the multiplier by increasing investment spending. b. increases the multiplier by increasing consumer spending. c. decreases the multiplier by increasing net exports. d. decreases the multiplier by decreasing consumer spending.

Functional finance is that part of the deficit that is attributable to

A. the exponential increase in interest rates. B. spending programs or tax cuts passed to stimulate an economy in recession. C. fighting the war on terror. D. specific programs (like Medicare).