« previous next »

Author Question: Adam Smith believed that the pursuit of the public interest is also the best way to promote the ... (Read 66 times)

piesebel

  • Hero Member
  • *****
  • Posts: 565
on: Jun 30, 2018
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
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

piesebel

  • Hero Member
  • *****
  • Posts: 565
Reply #2 on: Jun 30, 2018
Correct answers!


TDubDCFL

  • Sr. Member
  • ****
  • Posts: 357
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

A cheetah in pursuit of Thomson's gazelle in Ngorongoro Crater, Tanzania A cheetah in pursuit of Thomson's gazelle in Ngorongoro Crater, Tanzania
Adam Kahn, Brockholes Visitor Center. Adam Kahn, Brockholes Visitor Center.
Large water tank, possibly a public or ritual bathing area, from Mohenjo-daro, Indus Valley ... Large water tank, possibly a public or ritual bathing area, from Mohenjo-daro, Indus Valley ...
In this 1921 photo of a one-room schoolhouse in Marey, West Virginia, you can see how public ... In this 1921 photo of a one-room schoolhouse in Marey, West Virginia, you can see how public ...
Nursing Interventions to Promote Effective Health Maintenance Nursing Interventions to Promote Effective Health Maintenance
How to calculate simple interest (Part 2) How to calculate simple interest (Part 2)
Video: Introduction to Spirometry

For a complete list of videos, visit our video library