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joanne1718 joanne1718
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5 years ago

Question 1.

To describe the feelings of investors, the phrase "animal spirits" of entrepreneurs was coined by



▸ Karl Marx.

▸ John Maynard Keynes.

▸ Milton Friedman.

▸ Adam Smith.

Question 2.

The tendency for ________ to increase when ________ increases is the result of the accelerator effect.



▸ investment; aggregate output

▸ consumption; investment

▸ saving; consumption

▸ aggregate output; saving
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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jfinn1021jfinn1021
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Posts: 388
5 years ago
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joanne1718 Author
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5 years ago
Appreciate the effort, thank you!
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