In a one-period economy, all of the following are equivalent ...

[pepyto]

In a one-period economy, all of the following are equivalent expressions of the budget constraint except
 
  A) C = w(NS + l) +  - T.
  B) C = wNS +  - T.
  C) C = w(h - l) +  - T.
  D) C = wl = wh +  - T.

Question 2

Keynes believed that an important source of instability in the economy was instability
 
  a. of private investment demand.
  b. in the marginal propensity to consume (b).
  c. of expectations.
  d. in tax collections.
  e. Both a and c

[JYan]

Answer to Question 1

A

Answer to Question 2

E

[pepyto]

Thanks for the timely response, appreciate it

[kilada]

Excellent