In the open economy, marginal propensity to import is ________ related to GDP and net income tax rate is __________ related to GDP.
A) inversely, directly
B) inversely, inversely
C) directly, inversely
D) directly, directly
Correct Answer:
Verified
Q73: The expression S + NT + Z
Q74: If domestic GDP increases, imports will _and
Q75: _ export expenditure will increase equilibrium GDP,
Q76: Increases in exports and increases in investment
Q77: Higher is the MPZ:
A) higher is the
Q79: Other things being equal, if a change
Q80: Recession in USA will:
A) have no perceptible
Q81: The autonomous tax multiplier in an open
Q82: If the export multiplier in an economy
Q83: The marginal propensity to spend on domestic
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents