The Department of Education noticed that for loans granted to students without any strings, the average grade point average of the students decreases dramatically over time. Which one of the following can it use as a solution?
a. Renew the loans only if the students pass their courses
b. Renew the loans regardless of students' passing
c. Never renew the loans
d. Shut down the Department of Education
a
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Which of the following increases the size of the expenditure multiplier?
A) an increase in investment B) an increase in autonomous spending C) a decrease in the marginal propensity to consume D) a decrease in the marginal propensity to import E) an increase in the marginal income tax rate
Generally speaking, income inequality is
A) higher in Europe than in the United States. B) higher in the United States than in most of the developing world. C) extremely high and does not vary much between nations in the developing world. D) higher in the developing world than in the developed world.