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Question 29 (1 point) Universal Widget Systems (UWS) offers to sell 1000 widgets to Robotics, Inc. The market price for widgets is $12 - $15 per widget. The person preparing the written offer mistakenly omits a digit in the price so that the price of $13,500 appears as $1,350. Robotics, Inc. accepts the offer and UWS resists enforcement of the contract on the basis of mistake. The most likely result is: O UWS wine because the lower price will cause it to lose money on the contract. O UWS wine because there is a mutual mistake as to the value of the widgets. O Robotics, Inc. wins because unilateral mistakes do not allow relief from contractual obligations. UWS wins because Robotics, Inc. cannot take advantage of an obvious clerical mistake or gross mathematical error, even if the mistake is unilateral. Savevestion 54 What is a balanced budget? Lot yet inawered Marked out of 1.00 F Flag Select one: question O a. It is the equality of tax revenues and government spending on goods and services. O b. It is the absence of government debt. O c. It is a budget where the government spends over many categories in a balanced fashion. O d. It is the equality of net tax revenues and government spending on goods and servicesA- AT Aa x2 A . A Question# 3 (10 marks) Answer the following: a. MPC = .7. What is the government spending multiplier? b. MPC = .85. What is the tax multiplier? c. If the government spending multiplier is 5, what is the tax multiplier? d. If the tax multiplier is -3, what is the government spending multiplier? e. If government purchases and taxes are increased by $150 billion simultaneously, what will the effect be on equilibrium output (income)? English (UK) E FocusQuestion 13 4 pts Which of the following would be an appropriate fiscal policy to deal with a high rate of inflation? Increase taxes Decrease taxes Decrease money supply O Increase government spending Question 14 14 pts9% (10 marks) Answer the following: a. MPC = .?.What is the government spending multiplier? h. MPC = .85.What is the tax multiplier? c. If the government spending multiplier is 5, what is the tax multiplier? d. If the tax multiplier is -3, what is the government spending multiplier? e. If government purchases and taxes are increased by $150 billion simultaneously, what will the effect he on equilibrium output (income)