The classical economists held that the rate of interest would equate planned inv

Question

The classical economists held that the rate of interest would equate planned investment and planned saving, so that all saving would eventually be invested.
True
False

The value of the marginal propensity to consume
a. can exceed 1
b.is always between 0 and 1
c. can be less than 0
d. is always greater than 1

The aggregate demand curve is the sum of individual demand curves in the economy.
True
False

Constant-dollar GDP and real GDP are the same thing.
True
False


In national income accounting, grain fed to a hog at a commercial hog farm is considered a(n)
a. final good
b. intermediate good
c. consumer good
d. capital consumption allowance

Explanation / Answer

b.is always between 0 and 1 True False d. capital consumption allowance

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