The optimal level of air quality
a. is 100 percent, which creates a pollution-free environment
b. is smaller the lower the marginal social cost of air quality
c. is greater the lower the marginal social benefit of air quality
d. is greater the lower the marginal social cost of air quality
e. is smaller the greater the marginal social benefit of air quality
D
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Refer to the table below. Pat's opportunity cost of delivering a pizza is making: Pizzas MadePer HourPizzasDeliveredPer HourCorey126Pat1015
A. 12 pizzas B. 2/3 of a pizza C. 3/2 of a pizza D. 10 pizzas
How do fluctuations in autonomous expenditure influence real GDP?
What will be an ideal response?
The uses-of-saving identity shows that if the government budget deficit rises, then one of the following must happen
A) Private saving must rise, investment must fall, and/or the current account must fall. B) Private saving must rise, investment must fall, and/or the current account must rise. C) Private saving must rise, investment must rise, and/or the current account must fall. D) Private saving must fall, investment must rise, and/or the current account must rise.
Refer to the graphs, in which the numbers in parentheses near the AD1, AD2, and AD3 labels indicate the level of investment spending associated with each curve, respectively. All numbers are in billions of dollars. The interest rate and the level of investment spending in the economy are at point D on the investment demand curve. To achieve the long-run goal of a noninflationary full-employment output Qf in the economy, the Fed should try to:
A. Decrease aggregate demand by increasing the interest rate from 2 to 4 percent
B. Decrease aggregate demand by increasing the interest rate from 4 to 6 percent
C. Increase aggregate demand by decreasing the interest rate from 4 to 2 percent
D. Increase the level of investment spending from $120 billion to $150 billion