Author Question: According to the Keynesian model, the government can increase spending or cut taxes to close a ... (Read 160 times)

folubunmi · **on:** Jun 30, 2018

According to the Keynesian model, the government can increase spending or cut taxes to close a recessionary gap.
a. True
b. False
Indicate whether the statement is true or false

Question 2

In a commercial bank's T-account, reserves and outstanding loans are recorded as:
a. debts.
b. profits.
c. assets.
d. liabilities.