The ________ the expenditures multiplier effect, the ________ the change needed in government spending to bring about a given amount of increase in real GDP.

If consumers spend _____ of a change in their disposable income, then a tax increase of $100 would lower consumption by $70

a. 35 percent b. 100 percent c. 80 percent d. 70 percent e. 50 percent

Governments of market-oriented economies never tamper with the price mechanism.

Answer the following statement true (T) or false (F)