Multiple Choice
If 12.5 percent of additional income is not spent on new goods and services, an increase of $50 billion in nonincome-determined spending will cause economic activity to increase by:
A) $12.5 billion.
B) $62.5 billion.
C) $400.0 billion.
D) $625.0 billion.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q92: Why can saving be potentially harmful to
Q93: If the levels of output, income, and
Q94: Which of the following is an injection
Q95: Which of the following statements is FALSE?<br>A)
Q96: Injections will stimulate an economy:<br>A) at no
Q98: Expectations about future price levels and future
Q99: Which of the following is an injection
Q100: A review of prior business cycles allows
Q101: What are net exports, and under what
Q102: If the economy were at or near