If the MPS is one-third, a $100 increase in net exports will
A) reduce real Gross Domestic Product (GDP) by $300.
B) reduce real Gross Domestic Product (GDP) by $100.
C) increase real Gross Domestic Product (GDP) by $300.
D) increase real Gross Domestic Product (GDP) by $33.
C
Economics
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Consider the same monopoly situation as in the previous question. The firm's profit will be
a. 1,760 b. 1,660 c. 2,264 d. 6,728
Economics
One reason stagflation is difficult to recover from is because:
A. less output requires less inputs to be hired. B. prices tend to adjust more quickly downward than upward. C. wages are sticky downward. D. input prices increase with output prices.
Economics