According to the simple Keynesian model, when planned expenditure ...

[sc00by25]

According to the simple Keynesian model, when planned expenditure exceeds income
 
  a. prices rise.
  b. unplanned inventory investment is negative.
  c. income falls.
  d. planned expenditure falls.
  e. both b and d.

Question 2

When drawn against the current real wage, the labor demand curve is
 
  A) upward sloping because the marginal product of labor rises with the quantity of labor employed.
  B) upward sloping because the marginal product of labor declines with the quantity of labor employed.
  C) downward sloping because the marginal product of labor rises with the quantity of labor employed.
  D) downward sloping because the marginal product of labor declines with the quantity of labor employed.

[duke02]

Answer to Question 1

B

Answer to Question 2

D

[sc00by25]

Thanks for the timely response, appreciate it

[samiel-sayed]

Great answer, keep it coming