If a product provides a positive externality, a duopoly
A) will provide more social welfare than a monopoly.
B) will provide less social welfare than a monopoly.
C) will provide the same social welfare as a monopoly.
D) introduces an interesting and untested twist to the externality story.
A
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The Federal Reserve focuses on the inflation rate based on the ________ rather than the CPI; to measure the underlying trend in inflation, it focuses on the ________
A) GDP deflator; overall GDP deflator B) GDP deflator; core GDP deflator C) PCE price index; core PCE price index D) PCE price index; overall PCE price index
What are some reasons that an "emerging market" country may choose a fixed exchange rate regime?
What will be an ideal response?
In the consumption function model, the 45-degree line represents where
A) the real disposable income is equal to zero. B) planned real saving is equal to zero. C) planned real consumption spending is equal to zero. D) planned real saving is greater than actual real savings.
If a country's saving rises, then either its investment or its net capital outflow rises (or both)
a. True b. False Indicate whether the statement is true or false