Author Question: Adam Smith was an advocate of: a. mercantilism. b. a nation maximizing its stock of gold. c. ... (Read 109 times)

formula1

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Adam Smith was an advocate of:
 a. mercantilism. b. a nation maximizing its stock of gold.
  c. unrestricted or free trade. d. the visible hand of public interest.

Question 2

If the marginal propensity to consume (MPC) is 0.50, the value of the spending multiplier is:
 a. 5.
  b. 1.
  c. 2.
  d. 5.



iman

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Answer to Question 1

c

Answer to Question 2

c



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