Assume the economy is in short-run equilibrium and there is less than full-employment output. Also assume that the marginal propensity to consume (MPC) is equal to 0.66. a. What is the value of the government spending multiplier in this case? b. Given the size of the multiplier, what would be the implied change in income (gross domestic product) from the stimulus spending of $800 billion?

What does it signify if point 1 shifts down and to the right? a. the price level and the real gdp are falling. b. the real gdp is falling, and supply is increasing. c. the price level is rising, and production is increasing. d. the price level is falling, and demand and the real gdp are rising.

People of french origin make up about of the canadian population. 23 percent 50 percent 1 percent 76 percent

How did the southeast asia treaty organization (seato) carry out the united states policy on containment? a. seato promoted the creation of united nation military bases to create regional defense. b. seato founded an organization seeking to educate southeastern asian countries on communism. c. seato established a regional economic union to promote monetary security. d. seato sought to provide regional security in southeast asia by establishing alliances.