If there is a recessionary gap, the appropriate fiscal policy would be contractionary.

The above figure shows the Lorenz curves for four different countries. In which country is income most equally distributed?

A) country A B) country B C) country C D) country D

If the marginal product of labor is positive and increasing, then the total product of labor curve is

a. constant b. upward sloping and becoming steeper c. downward sloping and becoming flatter d. lies above the total cost curve e. lies below the total cost curve