Given full-employment output = $2,800, equilibrium real GDP = $2,500, and MPS = 0.25, which of the following changes would most likely bring the economy to a full-employment level of real GDP?
a. $300 decrease in taxes.
b. $75 increase in government spending.
c. $75 decrease in taxes.
d. $300 increase in government spending.
e. $75 decrease in government spending.
b
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Which one of the following is not a function of money?
A. open market operation B. store of value C. medium of exchange D. unit of account
Refer to the Article Summary. The article addresses proposed British education reform by way of a completely revised public school system to improve the talent and experience of students
If these reforms lead to a more skilled and better trained public, the British economy would experience A) an increase in human capital. B) an increase in comparable worth. C) a decrease in compensating differentials. D) an increase in the supply of labor.