During which years did the country have a balanced budget?
A) 2008 and 2009
B) 2012 only
C) 2011 only
D) 2010 and 2012
E) all except 2011
C
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When tax code changes increase investment incentives, the _____ for loanable funds curve shifts to the _____. This results in a(n) _____ in the interest rate and a(n) _____ in investment
Fill in the blank(s) with correct word
From the graph showing the Phillips curve from 2006 to 2016, we can see that the 2008 financial crisis caused ______.
a. high inflation rates and low unemployment rates
b. low inflation rates and high unemployment rates
c. high inflation and unemployment rates
d. low inflation and unemployment rates
Industry price and the price taken by the perfect competitor are ___________.
Fill in the blank(s) with the appropriate word(s).
If a firm is taxed for each unit of waste it produces, the firm will decrease the amount of waste produced until:
A. there is no waste produced. B. the marginal cost from decreasing waste is zero. C. the marginal cost of decreasing waste is equal to the marginal benefit from decreasing waste. D. the marginal benefit from decreasing waste is equal to zero.