If the spending multiplier is 3 and the desired amount of increase in real GDP is $90 million, then by how much would government spending have to increase?
a. $270 million.
b. $90 million

Which of the following is most accurate about the US during World War I?

a. Long-standing nationalistic and imperialistic rivalries produced a dangerous political situation. b. The continent had experienced several major wars in the preceding decades. c. Industrialization and a greater commitment to international trade had created rapidly rising standards of living. d. There was rising solidarity among the labor movements of different nations.

Capital accounts are a measure of how much ____ have invested ____

a. c and d b. d and e c. U.S. stockholders; in the market d. foreign stockholders; in foreign firms e. U.S. firms; in foreign nations