Expansionary fiscal policy leads to an increase in net exports, all other things unchanged.
a. true
b. false
Answer: b. false
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Explain whether the statement, "There is life on Mars," is a normative or positive statement
What will be an ideal response?
A future payment's present value is
A) the value in today's dollars of funds to be paid or received in the future. B) the value in today's dollars of funds to be paid or received today. C) the value in a future date's dollars of funds to be paid or received today. D) the value in a future date's dollars of funds to be paid or received in the future.
While producing less than the competitive output decreases social welfare, the same cannot be said about producing more than the competitive output
Indicate whether the statement is true or false
Cartel agreements are difficult to maintain because individual members:
a. can gain by raising their price above the price that is best for the cartel. b. are often unable to police the price and output policies of other members. c. can gain by secretly raising their price above the price that is best for the cartel. d. can enforce price arrangements vigorously in court.