The Government Spending (G) component of the GDP statistic takes on a value that is closest to:

Suppose the Marginal Propensity to Consume (MPC) for the US Population is 0.75. America’s federal government decides to increase its infrastructure spending by $400 billion to build a new high-speed railway system for the nation. The Total Increase in Aggregate Demand (or Aggregate Spending – same thing) after all cycles of the Multiplier Process are complete is equal to:

The Gross Private Investment (I) component of the GDP statistic takes on a value that is closest to:

What was the Unemployment Rate (UNE%) for Year 2009?

Suppose you are told that for a particular group of people, the Marginal Propensity to Consume (MPC) is 0.75. What does this mean?

  On the diagram of the stereotypical business cycle, the contractionary phase is represented by:

The Net Exports (X-M) component of the GDP statistic takes on a value that is closest to:

On the diagram of the stereotypical business cycle, the recovery phase is represented by:

What is meant by the term full-employment GDP?

Which of the following equations represent the Consumption Function?