A catering company prepared and served 250 meals at an anniversary celebration last week using 7 workers. The week before, 8 workers prepared and served 200 meals at a wedding reception. a1. Calculate the labor productivity for each event. (Round your answers to 1 decimal place.) a2. For which event was the labor productivity higher

Crowding out is a phenomenon focused upon most by the macroeconomists of whereby a government deficit interest rates, which in turn private investment spending. this group also believed that fiscal policy is the only thing that can lower natural unemployment. is just as effective in countering recessions as monetary policy. can be used most of the time, but monetary policy becomes a better option when velocity is fluctuating. should be used only if the central bank follows a monetary policy rule. faces problematic lags in propagating changes throughout the economy.