Homework 6 Part 4 - 32 When we add the marginal propensity...

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32.When we add the marginal propensity to import to our model, the spending multiplier falls. In fact, the higher the marginal propensity to import, the smaller the spending multiplier, all else constant.A) TrueB) FalseCorrect Answer(s):True
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33.According to the "We are all Keynesians Now" article, the labor secretary at that time wanted the unemployment rate to fall down to 3%.
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34.The misery index in 1980 exceeded 25.
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35.The mid to late 1970s was the 'heyday' of Keynesian economics in the US economy.
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