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Author Question: Karl Marx envisioned communism as an economic system that blends the best elements of capitalism and ... (Read 104 times)

audragclark

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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.



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Silverbeard98

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Answer to Question 1

False

Answer to Question 2

a




audragclark

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


pangili4

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Reply 3 on: Yesterday
Gracias!

 

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