Adam Smith believed that a nation would produce the maximum ...

[stephzh]

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.

[enass]

Answer to Question 1

False

Answer to Question 2

c

[stephzh]

YES! Correct, THANKS for helping me on my review

[31809pancho]

Thanks for the timely response, appreciate it