In 1979, when the Fed was deciding how aggressively to fight inflation, the typical estimate of the sacrifice ratio was

Susan likes to drink sodas. The ________ soda Susan drinks, the ________ of the last soda

A) more; higher the marginal benefit B) less; higher the opportunity cost C) less; lower the marginal benefit D) more; lower the marginal benefit

What's the tax multiplier if MPC = 0.75?

a. –4 b. –3 c. 0.33 d. 3 e. 4