Author Question: Planned expenditures ________. A) are directly affected by government purchases B) increase when ... (Read 60 times)

acc299 · **on:** Jun 30, 2018

Planned expenditures ________.

A) are directly affected by government purchases
B) increase when there is a reduction in taxes
C) decrease when disposable income decreases
D) all of the above
E) none of the above

Question 2

Using the Cobb-Douglas production function, while holding other inputs constant, if the amount of a specific factor is increasing ________.

A) the increased amount of output from an extra unit of input declines
B) the increased amount of output from an extra unit of input increases
C) that factor's share of output is declining
D) that factor's share of output is increasing
E) none of the above