If the consumption function is defined as C = 7,250 + 0.8Y, what is the value of the multiplier?

Most economists agree that ________ are the single most important source of productivity improvements.

A. increases in physical capital B. increases in human capital C. technological advances D. discoveries of natural resources

Unlimited wants need not be a problem if

A. resources are also unlimited. B. resources are flexible in what they can do. C. resources are basic energy resources like oil. D. resources are human resources such as skilled labor.