1. Fiscal policy refers to the Select one: a. manipulation of the money supply so as to increase the amount of paper cur

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1. Fiscal policy refers to the
Select one:
a.
manipulation of the money supply so as to increase the amount ofpaper currency in circulation.
b.
adjustment of government spending and taxes in order to achievecertain national economic goals.
c.
adjustment of national income data for price level changes.
d.
adjustment of the manner in which unemployment data iscalculated so as to make it appear that unemployment is lower thanit actually is.
2. The larger the MPC,
Select one:
a.
the larger the multiplier.
b.
the smaller the multiplier.
c.
the smaller the slope of the consumption function.
d.
the larger the slope of the savings function.
3. The expression 1/MPS is defined as
Select one:
a.
one minus the multiplier.
b.
the inverse of the multiplier.
c.
the multiplier.
d.
autonomous consumption.