The conservative theory of poverty blames _____ for welfare dependency.
A. the poor
B. the government
C. both the poor and the government
D. neither the poor nor the government
C. both the poor and the government
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If the multiplier is 10 and income increases by $1000, then saving will increase by
A) $90. B) $900. C) $100. D) $1000.
Your willingness to pay additional money for time-saving goods depends primarily on
a. the opportunity cost of your time b. your wealth and property c. your social status d. the number of people in your household e. the distance between your home and your workplace
A period of stagflation can be considered as part of the normal aftermath of a
a. decrease in aggregate demand. b. period of high unemployment. c. period of low unemployment. d. period of inward shifting aggregate demand.
A monopolist will always charge the highest price it can get.
Answer the following statement true (T) or false (F)