In Preparing Their Estimates of the Stimulus Package's Effect on GDP,Obama

question 135

Multiple Choice

In preparing their estimates of the stimulus package's effect on GDP,Obama administration economists estimated a government purchases multiplier of 1.57.This indicates that a $1 billion increase in government purchases would increase equilibrium real GDP by

• A)$1 billion.
• B)$1.57 billion.
• C)$15.7 billion.
• D)$157 billion.

Recognize the specifics and exceptions related to methods and timing of acceptance under different legal standards.

Distinguish between bilateral and unilateral contracts in terms of offer acceptance requirements.

Identify legal standings on whether silence or actions unrelated to the offer can signify acceptance.

Comprehend the legal power of the original offeree in accepting an offer and creating a contract.

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Definitions:

Moths

Insects related to butterflies belonging to the order Lepidoptera, known for their nocturnal habits and in some cases, significance as pollinators or pests.

Narrow Range

Describes a limited spread or scope, often referring to a small diversity or variability within a specific parameter.

Temperatures

A measure of the warmth or coldness of an environment or object, typically expressed in degrees of a specified scale like Celsius or Fahrenheit.

Threatened Species

Refers to species that are vulnerable to endangerment in the near future.