What is an unsecured line of credit? a. a line of credit which does not require collateral. b. a line of credit with a variable interest rate. c. a line of credit offered by an institution other than a bank, such as a department store. d. a line of credit offered to an individual with no credit history.

Suppose the government enacts a stimulus program composed of $600 billion of new government spending and $300 billion of tax cuts for an economy currently producing a gdp of $14 comma 000 billion. if all of the new spending occurs in the current year and the government expenditure multiplier is 1.5, the expenditure portion of the stimulus package will add nothing percentage points of extra growth to the economy. (round your response to two decimal places.)