An example of a nonrenewable resource would be:

If the government wishes to decrease GDP by $2,000b, and the MPC is 0.6, it should:

A. increase its spending by $1,200b. B. decrease its spending by $1,200b. C. increase its spending by $800b. D. decrease its spending by $800b.

Which model is used to evaluate the effects of macroeconomic policy such as tax cuts?

A. Aggregate demand and aggregate supply B. Demand and supply C. Game theory D. Circular flow.