The theory that the world's population will eventually outrun its food supply was formulated by
A. Robert Gordon.
B. Mancur Olson.
C. Edward Denison.
D. Thomas Malthus.
D. Thomas Malthus.
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If Joe buys a coffee at Starbucks, his money serves as a
A) unit of accounting. B) standard of deferred payment. C) store of value. D) medium of exchange.
Individuals
A. are too small to matter in macroeconomic decision making. B. need to participate in a democracy. C. make up the government. D. are too small to matter in macroeconomic decision making and need to participate in a democracy. E. need to participate in a democracy and make up the government.
Suppose that income taxes are increased by $600 billion. If the marginal propensity to consume is 0.75 and the spending multiplier is 4, by how much will the aggregate demand curve shift at a given price level?
A) $2,400 billion B) $1,800 billion C) $600 billion D) $450 billion
Which of the following is a primary role of a manager according to the good-citizen model?
A. to discourage innovation at work B. to recognize and reward an employee who is honest, punctual, and obedient C. to allow the employees to work independently, without any help from the managers D. to communicate the goals and objectives of the organization to employees