Abbott landscaping purchased a tractor at a cost of $44,000 and sold it three years later for $19,600. abbott recorded depreciation using the straight-line method, a five-year service life, and a $1,500 residual value. tractors are included in the equipment account. 2. assume the tractor was sold for $15,400 instead of $19,600. record the sale

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.