The father of modern economics that wrote The Wealth of Nations is: a. Karl Marx b. John Maynard ...

Author Question: The father of modern economics that wrote The Wealth of Nations is: a. Karl Marx b. John Maynard ... (Read 75 times)

tuffie

Hero Member
Posts: 534

on: Jun 30, 2018

The father of modern economics that wrote The Wealth of Nations is:
a. Karl Marx b. John Maynard Keynes
c. Adam Smith d. Thorstein Veblen

Question 2

If the marginal propensity to consume (MPC) is 0.80, the value of the spending multiplier is:
a. 2.
b. 5.
c. 8.
d. 10.

katheyjon

Sr. Member
Posts: 331

Reply #1 on: Jun 30, 2018

Answer to Question 1

c

Answer to Question 2

b

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