For about the last 45 years, federal taxes have remained relatively constant as a percentage of GDP

According to the law of diminishing marginal utility, the marginal utility curve is ____

a. vertical b. flat. c. upward sloping. d. downward sloping.

Assume that the multiplier effect for Mexico is 0.85 for an increase in spending by the U.S. government by $1 . Therefore, a $20 billion decrease in spending by the U.S. government results in:

a. a $23.5 billion increase in Mexican real GDP. b. a $133.3 billion decrease in Mexican real GDP. c. a $3 billion decrease in Mexican real GDP. d. a $17 billion decrease in Mexican real GDP. e. a $23.5 billion decrease in Mexican real GDP.