Households receive transfers from ________ and firms receive transfers from ________
A) government; government
B) firms; households
C) government; government and households
D) firms and government; government
E) government; no one
A
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An increase in aggregate demand will shift the short-run Phillips curve to the right.
Answer the following statement true (T) or false (F)
In this situation, the deadweight loss from monopoly is:
a. 0.40. b. 0.16. c. 0.12. d. 0.08.
Other things remaining unchanged, a decline in imports is associated with an increase in gross domestic product
a. True b. False Indicate whether the statement is true or false
Rent seeking:
A. results in more negative externalities. B. involves lobbyists influencing government policies to benefit their interests. C. results in less market share for the rent seekers. D. None of the statements are correct.