This topic contains a solution. Click here to go to the answer

Author Question: Keynes believed that the best method for tackling recessions was to reduce government spending and ... (Read 88 times)

vicky

  • Hero Member
  • *****
  • Posts: 586
Keynes believed that the best method for tackling recessions was to reduce government spending and raise taxes, thereby reducing the federal budget deficit.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The marginal revenue product of labor is:
 a. how much labor can be purchased with the revenue from the sale of one more unit of the good.
  b. how much does the marginal revenue change when you add more labor.
  c. the same as the marginal revenue product of capital in equilibrium.
  d. determined by the wage rate.
  e. the contribution to total revenue made by the marginal laborer.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ong527

  • Sr. Member
  • ****
  • Posts: 285
Answer to Question 1

False

Answer to Question 2

e




vicky

  • Member
  • Posts: 586
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

For a complete list of videos, visit our video library