An increase in the MPC causes an increase in which of the following?
A) MPS
B) spending multiplier
C) savings rate
D) exports
E) aggregate supply
Ans: B) spending multiplier
Economics
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At the beginning of World War II, a rationing system was established in the United States. Ration stamps or cards were issued for a variety of commodities such as canned milk and gasoline. Canned milk was only available to babies and small children
In this example, canned milk was allocated through A) personal characteristics. B) market price. C) majority rule. D) first-come, first-served.
Economics
If the village of Happyville has 150 residents, of which 50 are children or senior citizens, 95 are working, and 5 are actively seeking work, the unemployment rate is:
A) 5%. B) 3.3%. C) 36.7%. D) 33.3%.
Economics