This topic contains a solution. Click here to go to the answer

Author Question: In a one-period economy, all of the following are equivalent expressions of the budget constraint ... (Read 47 times)

pepyto

  • Hero Member
  • *****
  • Posts: 547
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JYan

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

A

Answer to Question 2

E




pepyto

  • Member
  • Posts: 547
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

For a complete list of videos, visit our video library