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 123 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
Excellent


cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Gracias!

 

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

For a complete list of videos, visit our video library