If the marginal propensity to consume (MPC) is 0.80, the value of the spending multiplier is:

A payment of $10,000 is to be made in the future. The interest rate 3%. Is this payment worth more if it is paid in 5 years or 10 years? How much more is it worth?

If the government wants to raise tax revenue and shift most of the tax burden to the consumers, it would impose a tax on a good with a:

A. flat (elastic) demand curve and a steep (inelastic) supply curve. B. steep (inelastic) demand curve and a flat (elastic) supply curve. C. steep (inelastic) demand curve and steep (inelastic) demand curve. D. flat (elastic) demand curve and a flat (elastic) supply curve.