When the government imposes a tariff on imported goods, it _____________ prices for domestic consumers, ________________ consumers' surplus and _________________ the producers' surplus for domestic producers.

If the marginal propensity to consume (MPC) is 0.75 and there is an increase in planned investment spending of $0.5 trillion, then saving will

A) increase by $0.25 trillion. B) increase by $0.5 trillion. C) increase by $1 trillion. D) remain unchanged.

An increase in the demand for tattoos will lead to a:

a. higher price and a larger quantity sold. b. lower price and a larger quantity sold. c. higher price and a smaller quantity sold. d. lower price and a smaller quantity sold