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Author Question: In a one-period economy, all of the following are equivalent expressions of the budget constraint ... (Read 48 times)

pepyto

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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



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JYan

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Answer to Question 1

A

Answer to Question 2

E




pepyto

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Reply 2 on: Jun 30, 2018
Excellent


mohan

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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