If the MPC = 0.75, a decrease in government spending from $875 billion to $840 billion will decrease real GDP by

Who won a Nobel Prize in economics for his work in the development of game theory?

A) John Nash B) Oskar Morgenstern C) Howard Schultz D) John von Neuman

Refer to the information provided in Figure 20.2 below to answer the question(s) that follow. Figure 20.2Refer to Figure 20.2. The opportunity cost of 1 ________ is 4 ________ in the United States and 1.5 ________ in England.

A. truck; trucks; cars B. car; cars; trucks C. car; trucks; trucks D. truck; cars; cars