Who wrote the General Theory of Employment, Interest, and Money?
A. David Ricardo
B. Adam Smith
C. John Maynard Keynes
D. Milton Friedman
Answer: C
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By the standard of low-grade bonds, interest rates were ________ and monetary policy was ________ during the Great Depression
A) low; tight B) low; easy C) high; tight D) high; easy
The marginal product curve rises when the marginal cost curve rises
a. True b. False Indicate whether the statement is true or false
According to marginal analysis, you should spend more time studying economics if the extra benefit from an additional hour of study:
a. is positive. b. outweighs the extra cost. c. exceeds the benefits of the previous hour of study. d. will raise your exam score.
The old saying is "Be careful what you pay for, because you may get it." Discuss commission based salaries and gaming in light of the saying.
What will be an ideal response?