Of the three major economic questions, which of the following is the best example of a "What?" question?
A) Should we make faster microprocessors or pest-resistant corn?
B) Should higher-income or lower-income people buy SUVs?
C) What should doctors be paid?
D) Should automobiles be produced using workers or robots?
E) Should migrant workers or domestic workers be used to pick grapes?
A
Economics
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The slope of the AE curve is .80. What is the expenditure multiplier? Everything else the same, by how much does equilibrium aggregate expenditure increase if
a. exports increase from $1.75 trillion to $2.25 trillion? b. government expenditure on goods and services decrease from $2.0 trillion to $1.8 trillion? c. investment increases from $1.2 trillion to $2.3 trillion?
Economics
What are the information costs faced by savers?
What will be an ideal response?
Economics