Which of the following terms best describes the idea that a nation's trade policy is restrictive, limiting the amount of imports from other countries?

Real GDP means GDP:

a. valued at prices in a base year. b. that does not change from year to year. c. corrected for changes in quality. d. valued at prices at which goods are actually sold.

A decrease in the tax rate will ________ the disposable income of households and ________ the size of the multiplier effect

A) increase; increase B) decrease; increase C) increase; decrease D) decrease; decrease E) increase; not change