In this graph, at point e1, output level is ______.



a. above the potential

b. below the potential

c. at the potential

d. not shown


b. below the potential

Economics

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Briefly and concisely define the following terms: a. fiscal federalism b. horizontal equity c. vertical equity d. benefits principle of taxation

What will be an ideal response?

Economics

Suppose a firm's current total cost of production is $50,000 per week, the wage rate is $1,000 per week and the cost of capital is $2,500. Which of the following gives the general equation for the firm's isocost lines for total cost C?

A. C = 20 - 0.5L B. C = 2,500K - 0.5L C. K = (C/2,500) - (C/1,000) D. K = (C/2,500) - 0.4L

Economics

In 2013, corporate profits in the U.S. economy were about 14 percent of national income

a. True b. False Indicate whether the statement is true or false

Economics

Which term refers to provisions in a law or a contract whereby monetary payments are automatically adjusted whenever a specified price index changes?

a. Contango b. Swap c. Averaging d. Indexing

Economics