Karl Marx envisioned communism as an economic system that blends ...

[audragclark]

Karl Marx envisioned communism as an economic system that blends the best elements of capitalism and socialism.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Using the aggregate expenditure-output model, assume the aggregate expenditures (AE) line is above the 45-degree line at full-employment GDP. This vertical distance is called a(n):
 a. inflationary gap.
  b. recessionary gap.
  c. negative GDP gap.
  d. marginal propensity to consume gap.

[Silverbeard98]

Answer to Question 1

False

Answer to Question 2

a

[audragclark]

Thanks for the timely response, appreciate it

[mammy1697]

Excellent