Discrimination has no impact on the total output of goods and services
Indicate whether the statement is true or false
F
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If an economy is producing a level of output which is lower than the equilibrium level, planned expenditures ________ total output and ________ goods and services are being produced than are being demanded
A) exceed; fewer B) are less than; more C) are less than; fewer D) exceed; more
Refer to the table. The after-tax MPC in the economy shown is:
A. .5.
B. .67.
C. .75.
D. .8.
If you believe that government can effectively manage aggregate demand to achieve full employment without inflation, you are a member in good standing in the
a. classical school b. Keynesian school c. neo-Keynesian school d. rational expectations school e. supply-side school
Who made this statement? "The really exhausting and the really repulsive labours, instead of being better paid than others, are almost invariably paid the worst of all…. The hardships and the earnings, instead of being directly proportional, as in any just arrangements of society they would be, are generally in an inverse ratio to one another."
A. John Stuart Mill B. John Maynard Keynes C. Elizabeth Warren and Amelia Warren Tyagi D. Beth Schulman