The Keynesian-cross model implies that changes in aggregate supply cause fluctuations in real GDP
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to Table 4-7. The equations above describe the demand and supply for Pauline's Pickled Pomegranates. The equilibrium price and quantity for Pauline's Pickled Pomegranates are $30 and 15 thousand units
What is the value of consumer surplus? A) $50 thousand B) $112.5 thousand C) $225 thousand D) $337.5 thousand
If only current income is considered, beer taxes are _____. If lifetime income is considered, however, beer taxes are _____
a. regressive; progressive b. regressive; proportional c. progressive; regressive d. proportional; progressive
The nutritional information now available at many fast food restaurants is an example of:
A. a failed attempt by government to reduce information asymmetry. B. requiring the more informed party to reveal the missing information. C. government regulation to screen out unhealthy food for consumers. D. government requiring the restaurants to signal whether food is healthy or not.
Public goods are overproduced in the marketplace
a. True b. False Indicate whether the statement is true or false