The idea underlying Adam Smith's "invisible hand" is that people tend to behave in ways that go unnoticed in society
Indicate whether the statement is true or false
FALSE
You might also like to view...
Given the data provided in the table below, what will the marginal cost equal for production at quantity (Q) level 4?
a. $4.00
b. $5.00
c. $3.00
d. $1.00
Suppose that the CPI in 1990 was 150, that the inflation rate in 1991 was 6%, and that the inflation rate in 1992 was 4%. What was the CPI in 1991 and 1992?
Economists who are in favor of smaller government tend to prefer ________________ when expansionary _______________ policy is needed to raise aggregate demand
A) tax cuts; fiscal B) tax cuts; monetary C) more government spending; fiscal D) more government spending; monetary
The ______ of money refers to the intensity with which money is used.
a. rate b. velocity c. depreciation d. appreciation