As the MPC gets close to 1, the value of the multiplier approaches
a. 0.
b. 1.
c. infinity.
d. None of the above is correct.
c
Economics
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Basis may change if
A. a new ethanol plants is built locally. B. a large capacity train terminal is built by CGB. C. a drought resulted in a short crop. D. All of the above.
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Empirical studies suggest that as real GDP per person increases the level of pollution:
A. decreases. B. remains constant. C. first increases then decreases. D. increases.
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