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Author Question: Which of the following is a characteristic of capitalism? a. Government ownership of all capital. ... (Read 47 times)

serike

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on: Jun 30, 2018
Which of the following is a characteristic of capitalism?
 a. Government ownership of all capital.
  b. Government decision-making is preferred to decentralized decision-making.
  c. Market determination of prices and quantity.
  d. Equality of income.

Question 2

If the multiplier is 3, equilibrium real GDP is 1,000 billion, and investment is 400 billion, what will happen if investment decreases to 380 billion? Real GDP will:
 a. increase to 1,020 billion.
  b. increase to 1,060 billion.
  c. decrease to 980 billion.
  d. decrease to 940 billion.
  e. decrease to 970 billion.


cupcake16

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

c

Answer to Question 2

d


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