The stimulus package of 2009 had the effect of

A) causing higher rates of inflation to occur.
B) giving new foreign aid to help less developed countries.
C) significantly raising the debt to GDP ratio.
D) reducing the primary government deficit.


C

Economics

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Governments grant patents to

A) encourage low prices. B) compensate firms for research and development costs. C) encourage firms to reveal secret production techniques. D) encourage competition.

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Taxes impose a cost on letting land remain idle

Indicate whether the statement is true or false

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In the absence of property rights, inventors have ________ incentive to invest in innovations and ________ incentive to disclose how to use and make their innovations.

A) less; less B) more; less C) more; more D) less; more

Economics

In the aggregate expenditures model, if an economy operates above equilibrium GDP, there will be:

a. unplanned inventory depletion. b. an increase in GDP. c. an increase in employment. d. a decrease in GDP.

Economics