Author Question: In Adam Smith's competitive market economy, the question of what goods to produce is determined by ... (Read 11 times)

cookcarl · **on:** Jun 30, 2018

In Adam Smith's competitive market economy, the question of what goods to produce is determined by the:
a. invisible hand of the price system. b. invisible hand of government.
c. invisible hand of public interest. d. visible hand of laws and regulations.

Question 2

If the marginal propensity to save (MPS) is 0.25, the value of the spending multiplier is:
a. 1.
b. 2.
c. 4.
d. 9.

Awesome · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

a

Answer to Question 2

c

cookcarl · **Reply #2 on:** Jun 30, 2018

Thank you

Awesome · **Reply #3 on:** Jun 30, 2018

Happy to help you

Author Question: In Adam Smith's competitive market economy, the question of what goods to produce is determined by ... (Read 11 times)

cookcarl

In Adam Smith's competitive market economy, the question of what goods to produce is determined by ...

Awesome

In Adam Smith's competitive market economy, the question of what goods to produce is determined by ...

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cookcarl

In Adam Smith's competitive market economy, the question of what goods to produce is determined by ...

Awesome

In Adam Smith's competitive market economy, the question of what goods to produce is determined by ...