Governments typically exercise moral judgment in levying excise taxes
Indicate whether the statement is true or false
T
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It is believed, by many, that the underground economy has grown in the United States in recent years causing c to increase and to be volatile
This event implies that the money multiplier should ________ and that the Fed should have a(n) ________ job in controlling the money supply. A) increase; easier B) increase; more difficult C) decrease; easier D) decrease; more difficult
The following is not a consequence of Xt and Yt being cointegrated:
A) if Xt and Yt are both I(1), then for some ?, Yt – ? Xt is I(0). B) Xt and Yt have the same stochastic trend. C) in the expression Yt – ? Xt , ? is called the cointegrating coefficient. D) if Xt and Yt are cointegrated then integrating one of the variables gives you the same result as integrating the other.
Regarding costs of production, can a firm ever be at a point that is not on the marginal cost curve? Explain
The aggregate demand curve shows that at higher price levels the total quantity of output demanded is greater.
Answer the following statement true (T) or false (F)