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

Author Question: Adam Smith believed that a nation would produce the maximum wealth by relying on government to make ... (Read 121 times)

stephzh

  • Hero Member
  • *****
  • Posts: 556
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

enass

  • Sr. Member
  • ****
  • Posts: 380
Answer to Question 1

False

Answer to Question 2

c




stephzh

  • Member
  • Posts: 556
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


EAN94

  • Member
  • Posts: 307
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

For a complete list of videos, visit our video library