If a $200 billion increase in investment spending creates $200 billion of new income in the first round of the multiplier process and $160 billion in the second round, the multiplier in the economy is:

When the Federal Reserve sells a government bond to a primary dealer, reserves in the banking system ________ and the monetary base ________, everything else held constant

A) increase; increases B) increase; decreases C) decrease; increases D) decrease; decreases

The rate of growth of output per worker in the United States between 1985 and 2014 was approximately equal to which of the following?

A) 1.7% B) 3.8% C) 4.8% D) 5.8%