The negative impact of government debt on the economy is mitigated by ________
A) the impact of the debt on national saving
B) government spending on schools and highways
C) the interest rate effects of government budget deficits
D) the phenomenon of crowding-out
B
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"Unlike a monopoly, consumer surplus in a perfectly competitive market is zero." Do you agree or disagree? Why?
What will be an ideal response?
The difference between national income and disposable income is
A. residential investment. B. federal deficits. C. net exports. D. financial investment. E. the amount of taxes collected.
If the price were $11, how much would the firm's output be in the short run?
Refer to the information provided in Figure 13.1 below to answer the question that follows.
Figure 13.1Refer to Figure 13.1. Of the following choices, Panel C best represents the demand curve for
A. insulin. B. a utility company. C. an individual producer of soybeans. D. the Apple iPhone.