If an increase in investment of $50 causes an increase in real GDP of $250, the value of the spending multiplier is:

The larger the public's currency drain from the banking system, the

A) smaller is the monetary base. B) smaller is the money multiplier. C) larger is the monetary base. D) larger is the money multiplier.

European Union labor costs exceed U.S. and British labor costs primarily because

a. worker productivity is lower in the EU b. union wages are higher in the EU c. layoffs and plant closings are more restrictive in the U.S. and Britain d. the amount of paid time off is higher in the EU e. labor-management relations are better in the EU