In 2008 ___________ had the highest annual expenditures on public and private schools per student.
A. Spain
B. France
C. United States
D. Japan
C. United States
Economics
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Classical macroeconomic theorists believed that if the economy was in a slump, the government should ________.
A. increase spending B. maintain a balanced budget C. lower taxes D. print money
Economics
Diminishing marginal returns means that the firm definitely is experiencing
A) diseconomies of scale. B) constant returns to scale. C) Both answers A and B are correct. D) Neither answer A nor B is correct.
Economics
As the reserve ratio decreases, the money multiplier
a. increases. b. does not change. c. decreases. d. could do any of the above.
Economics
If the consumption function is C = 90 + 0.75y, then the level of autonomous consumption is
A) 0.25. B) 0.75. C) 67.5. D) 90.
Economics