If a $15 billion reduction in taxation produces a change of $20 billion in output, the value of the government taxation multiplier is ________

What was the response to Germany's expansionary fiscal policy from the German central bank, the Bundesbank?

A) It expanded the money supply to ease rates of interest. B) It made no policy changes. C) It contracted the money supply and raised interest rates. D) It began the process of reverting to a gold standard.

Which of the following is correct?

a. In Lebos, the opportunity cost of producing one unit of food is equal to one unit of clothing. b. In Slavia, the opportunity cost of producing one unit of food is equal to two units of clothing. c. The opportunity cost of producing food in Lebos is less than the opportunity cost of producing food in Slavia. d. All of the above are correct.