Suppose the mpc of a country is 0.72 and the government reduces taxes by $20 billion to stimulate the economy. how much of the tax reduction is likely to go into increased spending?
a. $27.8 billion b. $20 billion c. $7.6 billion d. $14.4 billion e. $52.6 billion'

Why are political parties important? select all that apply. so a country's leadership can understand where the country is headed. issues can be debated on and decided with a party then offered to the public. a country is not subject to the whims of one person who maintains absolute power. stances on issues remain somewhat flexible and allows a country to change its mind about the direction it wants to go as they go through the voting process. a coalition government is as strong as a two party majority government.

Match each economist to his economic belief. a.) adam smith b.) friedrich von hayek c.) milton friedman d.) john manyard keynes 1.) less government intervention gives more people economic freedom. 2.) government should not control the money supply. 3.) government intervention is necessary for stability. 4.) competition is a regulatory force.

What is the important of the ten commandments?