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Author Question: A classless society and economic system where all the factors of production are owned by workers and ... (Read 307 times)

Hungry!

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on: Jun 30, 2018
A classless society and economic system where all the factors of production are owned by workers and people share production according to their needs describes:
 a. capitalism. b. communism.
  c. the invisible hand. d. a mixed economy.

Question 2

Within the framework of the Keynesian Cross model, if an economy is operating at a real GDP less than full-employment real GDP:
 a. a recessionary gap exists
  b. an inflationary gap exists
  c. aggregate expenditures will rise
  d. the general level of prices will rise


jamesnevil303

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


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