Assume a money multiplier of 3. If the Treasury finances a $30 million expenditure by selling securities to the Fed, the effect of this transaction on the money supply is that it will

Of the following U.S. demographic groups, which tends to have the lowest rate of unemployment?

A) whites B) blacks C) white teenagers D) black teenagers

If imports are $100 million less than exports, government expenditures are $500 million, consumer expenditures are $1 billion, and gross investment spending is $500 million, then GDP is

A) $1 billion. B) $1.9 billion. C) $2 billion. D) $2.1 billion.