John Maynard Keynes's central proposition that a dollar increase in disposable income would increase consumption, but by less than the increase in disposable income, means the marginal propensity to consume (MPC) is:
a. greater than or equal to one.
b. equal to one.
c. less than one, but greater than zero.
d. negative.
Question 2
The national debt is the:
a. difference between a nation's exports and imports of goods and services.
b. sum of the personal debt of all citizens in the United States.
c. indebtedness of the federal government in the form of outstanding interest-earning government security.
d. sum of the net personal debts of Americans to foreigners.
Gecarcinus quadratus, a land crab from Central and South America
A parade for Grover Cleveland in Chicago in 1892, by John Klir. Music, mirth, real drama—a president
Central portal of the west facade, Reims Cathedral, France.
Income per Capita versus Income of the Bottom Quintile
The Parade of World Income
E9-23 Prepare income statements Explain the difference in operating income