If the marginal propensity to consume is 0.75 and the desired amount of increase in real GDP is $240 billion, then by how much would government spending have to increase?

"The Florida freeze has destroyed 40% of the orange cro

A) Yes. The freeze would not reduce the supply. B) Yes. The higher price would not reduce the demand. C) Yes. It assumes the demand curve for oranges is vertical. D) Yes. It assumes the demand curve for oranges is upward-sloping.

The labor force includes individuals who are: I. Employed II. Unemployed III. Discouraged workers

A) I only B) Both I and II C) Both I and III D) All I, II and III