A. Realizing allocative efficiency implies that productive efficiency has been realized. B. Productive efficiency can only occur if there is also allocative efficiency. C. Society can achieve either productive efficiency or allocative efficiency,
but not both simultaneously. D. Productive efficiency and allocative efficiency can only occur together; neither can occur without the other.
A. increase its supply.
B. increase its price.
C. increase the quantity sold.
D. increase its demand.
Answer: B
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In preparing their estimates of the stimulus package's effect on GDP, Obama administration economists estimated a government purchases multiplier of 1.57
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Union membership was relatively low during the Great Depression
a. True b. False Indicate whether the statement is true or false
In the above figure, if we start at AD1 and SRAS1, and the money supply increases unexpectedly, what would be the short-run equilibrium even with rational expectations?
A. E3 B. P1 C. E2 D. E1
Suppose a year ago the exchange rate between Mexican pesos and dollars was 13.5 pesos per dollar, and that according to relative PPP the exchange rate was in equilibrium
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