« previous next »

Author Question: Adam Smith believed that the pursuit of the public interest is also the best way to promote the ... (Read 98 times)

piesebel

  • Hero Member
  • *****
  • Posts: 565
on: Jun 30, 2018
Adam Smith believed that the pursuit of the public interest is also the best way to promote the private self interest.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Use the aggregate expenditures model and assume an economy is in equilibrium at 5 trillion which is 250 billion below full-employment GDP. If the marginal propensity to consume (MPC) is 0.60, full-employment GDP can be reached if government spending:
 a. increases by 60 billion.
  b. increases by 100 billion.
  c. increases by 250 billion.
  d. is held constant.


TDubDCFL

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

piesebel

  • Hero Member
  • *****
  • Posts: 565
Reply #2 on: Jun 30, 2018
Correct answers!


TDubDCFL

  • Sr. Member
  • ****
  • Posts: 357
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

A cheetah in pursuit of Thomson's gazelle in Ngorongoro Crater, Tanzania A cheetah in pursuit of Thomson's gazelle in Ngorongoro Crater, Tanzania
French and U.S. presidential elections in 2012 illustrate the durability of political culture and ho French and U.S. presidential elections in 2012 illustrate the durability of political culture and ho
The puppet, created for the Tbilisi Marionette Theatre, is controlled by forces hidden from public ... The puppet, created for the Tbilisi Marionette Theatre, is controlled by forces hidden from public ...
Children’s interactions with older siblings may help promote an understanding of other people’s ... Children’s interactions with older siblings may help promote an understanding of other people’s ...
Public Speaking Guidebook Public Speaking Guidebook
The treasurer of a union proposes changing the method of compounding interest on premium ... The treasurer of a union proposes changing the method of compounding interest on premium ...
Video: Dorsal Recumbent Position

For a complete list of videos, visit our video library