The No-Good Company produces goods that provide damages to society-at-large. If consumers of No-Good's products fail to take external benefits into account
A) the demand curve will be too far to the left.
B) the supply curve will be too far to the left.
C) the demand curve will be too far to the right.
D) the supply curve will be too far to the right.
Answer: C
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The figure above shows a monopolistically competitive firm in the short run. During the transition to the long run, the demand curve will shift ________ and the MR curve will shift ________
A) leftward; leftward B) leftward; rightward C) rightward; leftward D) rightward; rightward
A factor is endogenous when:
a. It fluctuates in a narrow band around its long term value. b. It is not determined by the forces of supply and demand in any of the three macroeconomic markets. c. It is determined by the forces of supply and demand in any of the three macroeconomic markets. d. It is under full control by the central bank and/or the government. e. The central bank and the government have no means to influence it.
By classifying discouraged workers as out of the labor force, the unemployment rate is ________ if they were considered as employed.
A. the same as B. lower than C. higher than D. Any of the above can be correct.
The following is likely to occur after a ________ shock: [AD? ? Y? ? T? ? deficit? ? G? ? AD? ? Y? ].
A. positive aggregate demand B. positive aggregate supply C. negative aggregate demand D. negative aggregate supply