Keynes believed that an increase in savings would:
A. raise aggregate demand by increasing consumption.
B. raise aggregate demand by reducing investment.
C. reduce aggregate demand by reducing investment.
D. reduce aggregate demand by reducing consumption.
Answer: D
Economics
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A productivity slowdown could result from a. an increase in capital formation
b. an increase in the number of unskilled and inexperienced workers. c. a decrease in the relative size of the service sector. d. any of the above.
Economics
A barber shop produces 192 haircuts a day. Each barber in the shop works 8 hours per day and produces the same number of haircuts per hour. If the shop's productivity is 2 haircuts per hour of labor, then how many barbers does the shop employ?
a. 8 b. 12 c. 16 d. None of the above is correct.
Economics