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Author Question: Adam Smith believed that a nation would produce the maximum wealth by relying on government to make ... (Read 117 times)

stephzh

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on: Jun 30, 2018
Adam Smith believed that a nation would produce the maximum wealth by relying on government to make public interest economic decisions.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the economy experiences a recessionary gap then:
 a. aggregate expenditures exceed the level of spending necessary to provide for full employment.
  b. Keynesian economics would recommend a reduction in government spending or an increase in taxes.
  c. Keynesian economics would recommend an increase in government spending or a decrease in taxes.
  d. the equilibrium level of output and income is above full employment.


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enass

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

c


stephzh

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Reply 2 on: Jun 30, 2018
:D TYSM

amit

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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