Which of the following is true?
A) All economists agree that the tax multiplier is greater than the government spending multiplier.
B) All economists agree that the tax multiplier is smaller than the government spending multiplier.
C) There is disagreement among economists regarding the size of the tax multiplier relative to the size of the government spending multiplier.
D) In the standard Keynesian textbook analysis, the tax multiplier is greater than the government spending multiplier.
E) c and d
C
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What is the simple interest of a loan for $1,000 with 5 percent interest after 3 years?
(A) $150 (B) $1,150 (C) $50 (D) $1,050
Use the following graph for a competitive market to answer the question below.
For a price floor to be effective and alter the market situation, it must be set
A. at $15. B. below $15. C. at $10. D. above $15.