Assume that MPS is 0.4. If spending increases by $8 billion, then real GDP will increase by

A government grant that gives an inventor the exclusive right or privilege to make, use, or sell his or her invention is known as

A) a negative externality. B) a patent. C) a protectionism clause. D) a positive externality.

An economy that grows too slowly fails to raise living standards

Indicate whether the statement is true or false