Author Question: Adam Smith believed that the pursuit of the public interest is also the best way to promote the ... (Read 97 times)

piesebel

  • Hero Member
  • *****
  • Posts: 565
Adam Smith believed that the pursuit of the public interest is also the best way to promote the private self interest.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Use the aggregate expenditures model and assume an economy is in equilibrium at 5 trillion which is 250 billion below full-employment GDP. If the marginal propensity to consume (MPC) is 0.60, full-employment GDP can be reached if government spending:
 a. increases by 60 billion.
  b. increases by 100 billion.
  c. increases by 250 billion.
  d. is held constant.



TDubDCFL

  • Sr. Member
  • ****
  • Posts: 357
Answer to Question 1

False

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

TDubDCFL

  • Sr. Member
  • ****
  • Posts: 357

 

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

For a complete list of videos, visit our video library