According to John Maynard Keynes, an economist must possess a rare combination of skills including being a mathematician, historian, statesman, and philosopher
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Suppose there are two types of labor, high skilled and low skilled
The demand curve for high skilled labor lies ________ the demand curve for low skilled labor and the supply curve of high skilled labor lies ________ the supply curve of low skilled labor. A) above; above B) above; below C) below; below D) below; above
You earn $500 a month, currently have $200 in currency, $100 in your checking account, $2,000 in your savings accounts, $3,000 worth of illiquid assets and $1,000 of debt. You have
A) money = $300, annual income = $6,000, and wealth = $5,000. B) money = $2,300, annual income = $6,000, and wealth = $5,000. C) money = $300, annual income = $6,000, and wealth = $4,300. D) money = $200, annual income = $500, and wealth = $4,300.
Explain why the LDCs are unable to invest much in capital goods and human capital
The consumption function shows the relationship between the income received by the economy’s households and the
a. amount they plan to spend on currently produced final output. b. amount of government spending. c. amount businesses plan to spend on investment. d. level of taxes on personal income.