Let C = 300 + 0.9y and I = 125. The value of the multiplier is

According to the text, Ireland and Israel are classified as less developed countries (LDCs)

a. True b. False Indicate whether the statement is true or false

Tina Eckstrom and her husband bought a deferred annuity in 1954 that started paying them $700 a month in retirement benefits in 1994 . During the 40 years period, the price level rose 3.2 percent per year. Since 1994, the price level has risen 3.0 percent per year. They, along with millions of other people who live on fixed incomes, are examples of

a. those who are responsible for inflation b. people who gain from inflation c. people who lose from inflation d. the paradox of thrift e. underemployed persons