An economic system characterized by private ownership of the ...

[ericka1]

An economic system characterized by private ownership of the factors of production and economic activity coordinated through a system of markets and prices is called:
 a. capitalism. b. socialism.
  c. communism. d. none of these.

Question 2

If the spending multiplier is equal to 4, then a 25 initial increase in investment spending will lead to a:
 a. 25 increase in real GDP.
  b. 1 decrease in real GDP.
  c. 1 increase in real GDP.
  d. 100 decrease in real GDP.
  e. 100 increase in real GDP.

[BUTTHOL369]

Answer to Question 1

a

Answer to Question 2

e