National income plays a more decisive role in determining investment than it plays in determining consumption spending

If a hot dog vendor on a street corner experiences an increase in total revenue after lowering the price of a hot dog, then the demand for the hot dogs must be elastic

Indicate whether the statement is true or false

Federal taxes increased in 1932, 1935 and 1937, and Social Security taxes were imposed in 1937 . Which group is credited for these tax increases during the Great Depression?

(a) Classical economists (b) Keynesian economists (c) Monetarists (d) Government officials and special interest groups