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mfurness123 mfurness123
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6 years ago
In Adam Smith's competitive market economy, the question of what goods to produce is determined by:
 a. the invisible hand of the price system.
  b. businesses.
  c. unions.
  d. the government, through laws and regulations.

QUESTION 2

If the marginal propensity to save (MPS) is 0.10, the value of the spending multiplier is:
 a. 1.
  b. 9.
  c. 10.
  d. 90.

QUESTION 3

M1 money includes all but which one of the following?
 a. Checkable deposits.
  b. Savings accounts.
  c. Paper money.
  d. Coins.

QUESTION 4

Adam Smith was an advocate of:
 a. mercantilism. b. a nation maximizing its stock of gold.
  c. unrestricted or free trade. d. the visible hand of public interest.

QUESTION 5

If the marginal propensity to consume (MPC) is 0.50, the value of the spending multiplier is:
 a. 5.
  b. 1.
  c. 2.
  d. 5.
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anthberanthber
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6 years ago
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mfurness123 Author
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#2
6 years ago
Dude, you're awesome. I wish I had you as my teacher!
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#3
6 years ago
Come to the forum always, I'm be around
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