Author Question: Which of the following is a basic question answered by an economic system? a. for whom goods and ... (Read 31 times)

D2AR0N · **on:** Jun 30, 2018

Which of the following is a basic question answered by an economic system?
a. for whom goods and services are produced.
b. how goods and services are produced.
c. what goods and services are produced.
d. all of these.

Question 2

Within the simple Keynesian Cross model, equilibrium takes place:
a. at full employment.
b. when aggregate spending equals real disposable income.
c. when the money interest rate and real interest rate are equal.
d. when actual and expected rates of inflation are equal.