The income of corporate managers is included in
a. employee compensation
b. interest
c. rent
d. corporate profit
e. proprietors' income
A
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In new Keynesian theory, the pattern of inflation exhibited by an economy with growing aggregate demand known as inflation dynamics is
A) initially sluggish upward adjustment of the price level and inflation in response to higher aggregate demand followed by higher inflation in the future. B) initially sluggish downward adjustment of the price level and inflation in response to higher aggregate demand followed by lower inflation in the future. C) initially speedy upward adjustment of the price level and inflation in response to higher aggregate demand followed by lower inflation in the future. D) initially speedy upward adjustment of the price level and inflation in response to higher aggregate demand followed by higher inflation in the future.
Basically, the marginal principle helps us to evaluate the factors involved in taking an action or if doing something is worth the effort
Indicate whether the statement is true or false