Do policy makers know the exact value of the fiscal multiplier?
a. No, economists have almost no idea of the value of fiscal multipliers.
b. No, they are not known with complete accuracy.
c. Yes, economists know the precise value of the multiplier.
d. Yes, although there is a very small range of uncertainty in the value.
b
Economics
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Why would the market economy produce too little healthcare?
What will be an ideal response?
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Suppose a U.S. resident buys a car from a car maker in Japan. This transaction will:
a. have a negative effect on Japan's balance of trade in merchandise. b. have a negative effect on the U.S. balance of trade in merchandise. c. have a positive effect on the U.S. balance of trade in merchandise. d. bring money into the United States. e. have no effect on Japan's balance of trade in merchandise.
Economics