If a $10 increase in government expenditure produces a change of $17 in gross domestic product, the value of the government expenditure multiplier is ________

Policymakers' attempts to use the Phillips curve to reduce the unemployment rate below the natural rate

A) will be successful since the Phillips curve shows the relationship between the inflation rate and the unemployment rate. B) will be successful if monetary policy is used. C) will be unsuccessful if monetary policy is used since monetary policy leads to higher prices. D) will be unsuccessful since workers' expectations adjust to attempts to reduce unemployment below the natural rate.

The crowding in of private investment is more likely to occur, when _____

a. there is a depreciation of domestic currency b. interest rates increase significantly c. a contractionary gap exists in an economy d. the deficits lower expectations about economic growth e. an expansionary gap exists in an economy