If Policy Makers Want to Increase Real GDP by $100

question 309

True/False

If policy makers want to increase real GDP by $100 billion and the marginal propensity to consume is 0.75, they should increase government transfers by $75 billion.

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Definitions:

Huntington National Bank V.Guishard

This likely refers to a specific legal case or decision involving Huntington National Bank and an individual or entity named Guishard, but without additional context, a detailed definition cannot be provided.

Deposit Slip

A document that accompanies bank deposits, detailing the amount of cash and checks being deposited as well as the deposit account number.

Personal Liability

The legal responsibility of an individual to personally satisfy debts or obligations, as opposed to the liability being limited to the assets of a business or corporation.

Authorized Agent

An individual or entity that is legally empowered to act on behalf of another person or organization, making decisions and entering into agreements.