Refer to the information provided in Table 23.2 below to answer the question(s) that follow.
Table 23.2
Refer to Table 23.2. Society's MPS is
A. 0.1.
B. 0.2.
C. 0.3.
D. 0.9.
Answer: A
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In recent years, information technology such as computers and scanners have been a ________ for low-skilled labor and have led to ________ wage rates for low-skilled workers
A) substitute; higher B) substitute; lower C) complement; higher D) complement; lower
Jill, a bookkeeper just received an attractive offer from an outside firm. Her opportunity cost, of staying in her current position has
a. Increased b. Decreased c. Not changed d. All of the above
Keynes argued that the economy naturally achieves full employment because supply creates its own demand
a. True b. False Indicate whether the statement is true or false
A decrease in the excess reserves banks want to hold, together with people depositing currency into their demand deposit accounts, would: a. increase the money supply
b. decrease the money supply. c. leave the money supply unchanged. d. have an indeterminate effect on the money supply.