How many dollars would it cost to buy an Edinburgh Woolen Mill sweater costing 50 British pounds if the exchange rate is 1.25 dollars per one British pound?

The theory of investment that emphasizes the role of expected growth in real GDP on investment spending is known as

A) the theory of animal spirits. B) the accelerator theory. C) real business cycle theory. D) the multiplier theory.

If GDP increases in the model of public goods

A) people are richer, so they need less public goods. B) there is substitution from private goods to public goods. C) if the government provides public goods optimally, public and private goods production both increase. D) all of the increase in GDP goes into public goods.