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Author Question: In a one-period economy, all of the following are equivalent expressions of the budget constraint ... (Read 13 times)

pepyto

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on: Jun 30, 2018
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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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

E


pepyto

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

Bigfoot1984

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Reply 3 on: Yesterday
:D TYSM

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