A newly acquired microwave oven and a food processor will increase Chuck's productivity in the kitchen. Accordingly, he will
a. cook more and eat out less
b. cook less and eat out more
c. buy more ready-to-eat foods
d. be more likely to hire a cook
e. increase the quality of what he cooks but may or may not cook more
A
Economics
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The traditional Keynesian approach to fiscal policy assumes that
A) an equal income distribution ensures a stable economy. B) consumers spend more when their incomes are higher. C) cutting taxes is a more effective way to stimulate the economy than is increasing government spending. D) the effect of unemployment compensation is to destabilize the economy.
Economics
What is the present value of a payment of $250 one year from today if the interest rate is 4 percent?
a. $240.38 b. $242.24 c. $244.40 d. None of the above are correct to the nearest cent.
Economics