Using the data in the above table, if the firm employs 5 workers, total product (measured in units per day) and average product and marginal product of the fifth worker (measured in units per worker) are

In the United States for the year 2012, the federal government had a ________ so the national debt was ________

A) budget deficit; increasing B) budget surplus; increasing C) budget surplus; decreasing D) balanced budget; not changing E) budget deficit; decreasing

If the economy is at full employment, then an increase in government spending:

A. would simply crowd out private spending. B. would have too large an impact on real growth. C. would cause deflation, which would increase unemployment. D. is the right fiscal policy response.