The uses-of-saving identity says that an economy's private saving is used for
A) investment, interest expenses, and the government budget deficit.
B) investment, the government budget deficit, and the current account.
C) investment, interest expenses, the government budget deficit, and the current account.
D) investment, interest expenses, the government budget deficit, transfer payments, and the current account.
B
Economics
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If the MPC is 0.75 and the tax rate is 10%, the expenditure multiplier will equal
A) 0.48. B) 1.48. C) 3.08. D) 3.6.
Economics
Which of the following is most likely to be an example of monopsony?
A. The market for fast-food workers in a large summer resort town. B. The market for card dealers in Las Vegas. C. The market for Major League Baseball umpires. D. The market for retail sales clerks in a major city.
Economics