1. question 1 and 2 are based on the following information A trader had $5000 purchases. he adds 20 percent to his cost price to obtain his selling price. his total sales were $2400. Calculate his gross profit a. 400
b. 480
c. 3800
d. 3000

2. what is his closing capital
a. 4000
b. 3500
c. 3800
d. 3000

Answer the questions about keynesian theory, market economics, and government policy. keynes believed that there were "sticky" wages and that recessions are caused by increases in prices. decreases in supply. decreases in aggregate demand (ad). increases in unemployment. keynes believed the government should increase ad through increased government spending, but not tax cuts. control wages to increase employment because of sticky wages. increase employment through tax cuts only. increase as through tax cuts. increase ad through either increased government spending or tax cuts. intervene when individual markets fail by controlling prices and production.