In the long run, increased government spending is ineffective in raising equilibrium real GDP

Refer to Scenario 12.1. What is the probability of neither Simon nor Paula trying to rescue the man?

A) 9% B) 21% C) 30% D) 49%

Protectionist policies such as tariffs and quotas are beneficial to the nation imposing those trade barriers

a. True b. False Indicate whether the statement is true or false