(02.03 MC) Sarah and Jackson are working in a firm. Due to a…

(02.03 MC) Sarah and Jackson are working in a firm. Due to automation in the manufacturing process, Jackson lost his job. After some time, the economy is hit hard by recession, and the firm also laid off Sarah. Now, Sarah and Jackson are both unemployed. Which of the following is true for the above scenario?

(03.02 MC) Assume that the government of a country decides t…

(03.02 MC) Assume that the government of a country decides to give out tax refunds of $4.5 million to small domestic firms that are struggling. If the marginal propensity to save in the country is 0.25, then what is the maximum impact this measure will have on the GDP of the country?