One consequence of an increase in government spending is that
a. autonomous consumption will increase
b. autonomous consumption and investment spending will decrease
c. the increase in GDP will equal the size of the amount of spending
d. autonomous consumption and investment spending will increase
e. investment spending will increase
B
Economics
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An increase in production of one good will have zero opportunity cost only if the economy initially existed at a point inside the production possibilities curve
a. True b. False Indicate whether the statement is true or false
Economics
The substantially larger real GDP per worker in the United States than in Europe is explained by
A. greater production per hour. B. better U.S. technology. C. longer work hours. D. all of the above. E. none of the above.
Economics