Author Question: One of the strengths of a socialist economy, according to those who advocate such a system, is that ... (Read 14 times)

Pea0909berry · **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.