Author Question: Karl Marx envisioned communism as an economic system that blends the best elements of capitalism and ... (Read 108 times)

audragclark · **on:** Jun 30, 2018

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.