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Author Question: A mixed economy cannot exist without a politically free society. a. True b. False Indicate ... (Read 21 times)

charchew

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on: Jun 30, 2018
A mixed economy cannot exist without a politically free society.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The equilibrium level of real GDP is 5,000 billion, the full employment level of real GDP is 6,000 . and the marginal propensity to consume (MPC) is 0.90 . Which of the following statements is true?
 a. A recessionary gap exists equal to 100 billion.
  b. The full employment target could be reached if government increased its spending by 100 billion.
  c. Both of the above statements are true.
  d. Neither of the above statements are true.


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jjorrostieta

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

False

Answer to Question 2

c


charchew

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

cdmart10

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Reply 3 on: Yesterday
Wow, this really help

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