When the multiplier is ________, an autonomous decrease in investment of $200 billion decreases equilibrium real GDP by $400 billion
When the multiplier is ________, an autonomous decrease in investment of $200 billion decreases equilibrium real GDP by $800 billion.
A) 2.0; 4.0
B) 0.4; 0.2
C) 0.2; 0.4
D) 4.0; 8.0
E) $400 billion; $800 billion
A
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According to the Coase theorem, there will be an efficient solution to the problem of toxic waste: a. if the creator of the toxic waste is assigned the property right and the bargaining costs are high. b. if the victim of toxic waste is assigned the property right and the bargaining costs are high. c. regardless of which party is assigned the property right if bargaining costs are small
d. if the property rights are shared equally between the creator and the victim of the toxic waste.
One organization in the United States today that is exempt from antitrust laws is
A) the automobile industry. B) professional baseball. C) the oil industry. D) the steel industry.