Assume the MPC is 2/3. If investment spending increases by $2 billion, the level of GDP will increase by:

All of the following would be considered a positive addition to household wealth except

A) the equity in one's home. B) the balance in your savings account. C) 500 shares of Google stock. D) a credit card balance.

Which of the following provides a tool by which you can measure overall price changes paid by representative individuals living in urban households?

(a) The GDP Deflator ( NGDP/RGDP 100, expressed as a percentage ) (b) The Producer Price Index (c) The Consumer Price Index (d) The Housing Price Index