If equilibrium real GDP rises from $4 trillion to $6 trillion when government purchases increase by $1 trillion, the MPC must be
a. 0.8
b. 0.4
c. 0.5
d. 0.2
e. 2
C
Economics
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When the controls of an organization are centralized, the communication between departments will be
a. vertical b. horizontal c. directional d. hub and spoke
Economics
Which of the following methods is used by unions to increase the demand for the labor of its members?
A) Decrease the marginal product of union members. B) Support minimum wage laws. C) Oppose import restrictions. D) Decrease demand for the good produced.
Economics