The contention that tariffs should be imposed to protect from import competition an industry that is trying to get started is

A $1.5 trillion increase in investment leads equilibrium expenditure to increase from $7.0 trillion to $10.5 trillion. In this case, the expenditure multiplier is

A) 7.00. B) 4.67. C) 2.33. D) 1.50. E) 10.5.

A likely consequence of debt default is: a. a decrease in the federal cost of borrowing

b. an increase in unemployment due to growing uncertainty. c. a sudden decline in the market interest rates. d. an increase in the credit flows in an economy. e. a sudden increase in the investment flows in the economy.