The economist that gave us the proposition that "supply creates its own demand" was
a. Adam Smith
b. Jean Baptiste Say
c. Marc Lieberman
d. John Maynard Keynes
e. Robert Hall
B
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If the economic growth rate INCREASES from 1% to 5%, the simple accelerator hypothesis suggests that
A) investment will continue to rise as output increases. B) investment will fall as output increases. C) investment will rise since the rate of change in output increases. D) None of the above is correct.
Financial risk is associated with changes in
A) the demand for a firm's products. B) a firm's debt. C) a firm's labor costs. D) government regulations of a firm's activities.
The trade in goods, services, and capital around the world comprises:
A. trillions of dollars. B. billions of dollars. C. a small amount in dollar value. D. millions of dollars.
One unintended consequence of the various attempts to restrict farm acreage was that
A) output generally decreased, price increased, and farmers earned higher incomes. B) individual farmers intensified their efforts to harvest crops from the land still under cultivation. C) farmers' incomes remained constant in real terms. D) the land that was set aside became less productive.