Under socialism, no markets can operate at all.
a. True
b. False
Indicate whether the statement is true or false
Question 2
To close a recessionary gap using fiscal policy, the government can:
a. increase government spending by the size of the gap.
b. decrease government spending by the size of the gap.
c. increase government spending by more than the size of the gap.
d. increase government spending by less than the size of the gap.
e. decrease government spending by more than the size of the gap.