Author Question: Keynes believed that the best method for tackling recessions was to reduce government spending and ... (Read 67 times)

vicky · **on:** Jun 30, 2018

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.