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Author Question: The command system relies on prices set by firms on the basis of consumer demands. a. True b. ... (Read 26 times)

Anajune7

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on: Jun 30, 2018
The command system relies on prices set by firms on the basis of consumer demands.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Use the aggregate expenditures model and assume the marginal propensity to consume (MPC) is 0.80 . An increase in government spending of 1 billion would result in an increase in GDP of:
 a. 0.
  b. 0.8 billion.
  c. 1.0 billion.
  d. 5.0 billion.
  e. 8.0 billion.


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karlss

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

False

Answer to Question 2

d


Anajune7

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

peter

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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