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Author Question: One of the strengths of a socialist economy, according to those who advocate such a system, is that ... (Read 16 times)

Pea0909berry

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on: Jun 30, 2018
One of the strengths of a socialist economy, according to those who advocate such a system, is that government intervention will enable a more equitable distribution of income and therefore goods and services produced.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If MPC = 0.8 and the economy is in equilibrium 500 below full-employment equilibrium, how much should government spending change to achieve full employment?
 a. 100.
  b. +80.
  c. 80.
  d. +500.
  e. +100.


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tranoy

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

True

Answer to Question 2

e


Pea0909berry

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

chjcharjto14

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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