This topic contains a solution. Click here to go to the answer

Author Question: Taxes provide individuals with incentive to: (a) Increase the number of working hours. (b) ... (Read 24 times)

ahriuashd

  • Hero Member
  • *****
  • Posts: 535
Taxes provide individuals with incentive to:
 
  (a) Increase the number of working hours.
  (b) Increase productivity by working longer and harder.
  (c) Direct resources to uses where taxes are relatively low or nonexistent.
  (d) Buy and save more.

Question 2

Friedman's theory of money demand differs from Keynes' in that
 
  a. Friedman assumes that the demand for money is highly elastic while Keynes assumes money demand is inelastic.
  b. Friedman assumes that the money demand function is highly stable while Keynes assumes it is unstable.
  c. Friedman assumes that there is only a speculative demand for money while Keynes also considers the precautionary and transactionary demands for money.
  d. Friedman assumes that the proportion of income held in the form of money is constant while Keynes believes it varies.
  e. both b and d.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

matt95

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

(c)

Answer to Question 2

E




ahriuashd

  • Member
  • Posts: 535
Reply 2 on: Jun 30, 2018
Wow, this really help


adammoses97

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

There are more bacteria in your mouth than there are people in the world.

For a complete list of videos, visit our video library