Government expenditures as a percentage of GDP in the U.S. increased from 1950 to 1975 but decreased sharply during the recession that began in 2008
a. True
b. False
Indicate whether the statement is true or false
False
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Even with a tax, the price that consumers pay will be higher than what producers receive.
A. True B. False C. Uncertain
The MRT is
A. the marginal ring tone. B. the minimal rate of time. C. the maximum rate of transformation. D. none of these answer options are correct.
If the economy has an inflationary GDP gap, one possible solution is to increase government expenditures.
Answer the following statement true (T) or false (F)
A risk-neutral monopoly must set output before it knows the market price. There is a 50 percent chance the firm's demand curve will be P = 40 ? Q and a 50 percent chance it will be P = 60 ? Q. The marginal cost of the firm is MC = 3Q. What is the expression for the expected marginal revenue function?
A. E(MR) = 30 ? 2Q B. E(MR) = 50 ? 2Q C. E(MR) = 60 ? 2Q D. E(MR) = 40 ? 2Q