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Author Question: An economic system characterized by private ownership of the factors of production and economic ... (Read 118 times)

ericka1

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  • Posts: 544
on: Jun 30, 2018
An economic system characterized by private ownership of the factors of production and economic activity coordinated through a system of markets and prices is called:
 a. capitalism. b. socialism.
  c. communism. d. none of these.

Question 2

If the spending multiplier is equal to 4, then a 25 initial increase in investment spending will lead to a:
 a. 25 increase in real GDP.
  b. 1 decrease in real GDP.
  c. 1 increase in real GDP.
  d. 100 decrease in real GDP.
  e. 100 increase in real GDP.


BUTTHOL369

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

a

Answer to Question 2

e


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