one of the four main categories of spending identified by John Maynard Keynes is consumption
a. true
b. false
a. true
You might also like to view...
When the government cuts the income tax rate, the real wage rate paid by employers ________ and the real wage rate received by workers ________ and potential GDP ________
A) increases; increases; increases B) decreases; decreases; increases C) increases; decreases; increases D) decreases; increases; decreases E) decreases; increases; increases
An example of a market subject to adverse selection would be:
A. the used car market. B. the insurance market. C. the financial market. D. All of these statements are true.
Production at points beyond the production possibilities frontier cannot be attained unless there is an increase in resources or an improvement in technology.
Answer the following statement true (T) or false (F)
An indifference map shows
A. that utility is at a maximum at the origin. B. that money income is constant, but product prices may change. C. that curves closer to the origin represent higher levels of utility. D. that curves further from the origin represent higher levels of utility.