The marginal propensity to consume was conceived which famous economist?
a) Adam Smith
b) David Ricardo
c) Thomas Robert Malthus
d) John Maynard Keynes
e) Robert Solow
d) John Maynard Keynes
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Use the following figure to answer the question below.
The combination of sixty-five pounds of corn and sixty-five pounds of green beans is
A. attainable. B. not attainable. C. efficient. D. not efficient.
A favorable corporate culture leads to returns that exceed the cost of capital
Indicate whether the statement is true or false
If purchasing-power parity holds, then the value of the
a. real exchange rate is equal to one. b. nominal exchange rate is equal to one. c. real exchange rate is equal to the nominal exchange rate. d. real exchange rate is equal to the difference in inflation rates between the two countries.
The demand for computers increases. As a result
A. the wage rate increases in the industry and the quantity supplied of workers increases. B. the wage rate increases in the industry and the quantity demanded of workers falls. C. the quantity demanded of workers increases, the wage rate rises, and the supply of labor increases. D. the demand for workers increases, hiring increases, but wages stay the same since each firm faces a horizontal supply curve of labor.