The marginal productivity theory of income distribution was developed by
A) William Stanley Jevons. B) George Akerlof.
C) John Bates Clark. D) Edward Lazear.
Question 2
When the Fed increases the money supply
A) the interest rate rises and this stimulates consumption spending.
B) the interest rate falls and this stimulates investment spending.
C) the interest rate rises and this stimulates investment spending.
D) people spend less because they have more money.