The monetarists advocate increasing the money supply by about ______% a year.
Fill in the blank(s) with the appropriate word(s).
3-4
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Suppose people value clean air more as their incomes increase, then
A) the marginal cost curve of pollution abatement to shift left, increasing the degree of air quality. B) the marginal cost curve of pollution abatement to shift right, increasing the degree of air quality. C) the marginal benefit curve of pollution abatement to shift right, increasing the degree of air quality. D) the marginal benefit curve of pollution abatement to shift left, increasing the degree of air quality.
If a good is excludable and nonrival,
a. a private market will provide too much of it b. a private market will provide the good c. a private market will not provide the good d. neither a private market nor a government will provide the good e. only a government will provide the good
If the existing unemployment rate is 6.2 percent and the natural unemployment rate is 4.5 percent, the cyclical unemployment rate is ________ percent.
a. 10.7 b. 5.35 c. -1.7 d. 1.7
Failure of market outcomes occurs when:
A. there are no market failures but the market is not achieving society's goals. B. there are market failures such as externalities. C. the market outcome is not Pareto optimal. D. the market outcome is not efficient.