How would keynesian solve

Assignment Help Business Economics

Reference no: EM138825

Q1. How would Keynesian solve a recessionary gap using personal tax rates (increase or decrease), government spending (increase or decrease), discount rate (increase or decrease), and fed open market operations (buy securities or sell)

Q2. Assume the demand function for skin care products is given by Q = 1,000 - 20 P + 5I. If P=$25 and I=$1,000 currently, then:

a. Is skin care products are a normal good.

b. What is the demand of elasticity?

c. Is skin care products are inferior.

d. Is the price is too high.

Reference no: EM138825

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