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Title: Adam Smith's book, The Wealth of Nations, was published at the time of the: Post by: Alaynann on Feb 27, 2018 Adam Smith's book, The Wealth of Nations, was published at the time of the:
a. War of 1812 b. U.S. Declaration of Independence. c. U.S. Civil War. d. Great Depression. QUESTION 2 If the marginal propensity to save (MPS) is 0.50, the value of the spending multiplier is: a. 1. b. 2. c. 4. d. 9. QUESTION 3 The largest component of the M1 definition of the money supply is: a. traveler's checks. b. savings accounts. c. money market accounts. d. checkable deposits QUESTION 4 In Adam Smith's competitive market economy, the question of what goods to produce is determined by the: a. invisible hand of the price system. b. invisible hand of government. c. invisible hand of public interest. d. visible hand of laws and regulations. QUESTION 5 If the marginal propensity to save (MPS) is 0.25, the value of the spending multiplier is: a. 1. b. 2. c. 4. d. 9. QUESTION 6 The M1 definition of the money supply includes currency, a. checkable deposits, and savings accounts. b. checkable deposits, and credit cards. c. checkable deposits, and debit cards. d. and checkable deposits. Title: Adam Smith's book, The Wealth of Nations, was published at the time of the: Post by: Chefiegal on Feb 27, 2018 |