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Author Question: Adam Smith wrote that the: a. economic problems of eighteenth-century England were caused by free ... (Read 100 times)

javeds

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  • Posts: 570
on: Jun 30, 2018
Adam Smith wrote that the:
 a. economic problems of eighteenth-century England were caused by free markets.
  b. government should control the economy.
  c. pursuit of private self interest promotes the public interest in a market economy.
  d. public or collective interest is not promoted by people pursuing their self interest.

Question 2

When households' marginal propensity to consume (MPC) increases, the size of the spending multiplier:
 a. also increases.
  b. decreases.
  c. remains unchanged.
  d. reacts unpredictably.


duke02

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

c

Answer to Question 2

a


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