A "tight" money, easy "fiscal" policy combination will be preferred by society which values
A) low growth rates, but more goods and services in the future.
B) public goods today greater than private goods in the future.
C) private goods today more than public goods in the future.
D) public and private goods in the future more than public and private goods today.
B
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Using the table above, the Current Population Survey classifies the group of individuals who are left after subtracting from the total population groups 1, 2, and 3 as
A) unemployed. B) employed. C) the working-age population. D) the labor force. E) discouraged workers.
A monopolist faces a demand curve that is equal to:
a. the demand curve faced by perfectly competitive producers. b. the market demand curve. c. the monopolist's own marginal cost curve. d. the monopolist's own marginal revenue.
When marginal cost is greater than marginal benefit at the current activity level, the decision maker can increase net benefit by decreasing the activity because
A. net benefit is upward sloping at this point. B. total cost will fall by more than total benefit will fall. C. marginal cost is rising faster than marginal benefit is falling. D. total benefit will rise by more than total cost will rise.
The following graph shows average fixed costs, average variable costs, average total costs, and marginal costs of production.
The average total cost curve is represented by which curve?
A. I B. II C. III D. IV