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Author Question: Who was one of the first proponents of employing market economies instead of command economies? a. ... (Read 350 times)

torybrooks

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on: Jun 30, 2018
Who was one of the first proponents of employing market economies instead of command economies?
 a. Robert Heilbroner. b. Karl Marx.
  c. Jeffrey Sachs. d. Adam Smith.

Question 2

The spending multiplier indicates that:
 a. changes in investment, government, or consumption spending trigger much larger changes in real GDP.
  b. an autonomous increase in saving will cause output to rise by a multiple of the additional saving.
  c. a market economy will be more stable than classical economists thought.
  d. the marginal propensity to consume is greater than one.


tranoy

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

d

Answer to Question 2

a


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torybrooks

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Reply #2 on: Jun 30, 2018
Thank you :)


tranoy

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Reply #3 on: Jun 30, 2018
Happy to help you


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