Author Question: Who was one of the first proponents of employing market economies instead of command economies? a. ... (Read 365 times)

torybrooks

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Who was one of the first proponents of employing market economies instead of command economies?
 a. Robert Heilbroner. b. Karl Marx.
  c. Jeffrey Sachs. d. Adam Smith.

Question 2

The spending multiplier indicates that:
 a. changes in investment, government, or consumption spending trigger much larger changes in real GDP.
  b. an autonomous increase in saving will cause output to rise by a multiple of the additional saving.
  c. a market economy will be more stable than classical economists thought.
  d. the marginal propensity to consume is greater than one.



tranoy

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Answer to Question 1

d

Answer to Question 2

a



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