If there is complete crowding out, the change in Real GDP that results from a given change in autonomous spending will be
A) zero.
B) greater than if there was incomplete crowding out.
C) infinite.
D) There is not enough information to answer the question.
A
Economics
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In the long run, a competitive firm will earn zero economic profit
a. True b. False Indicate whether the statement is true or false
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Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point A to Point B is
A. -2/3. B. -1.5. C. -3. D. -30.
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The only way to reduce the national debt is to run budget surpluses.
Answer the following statement true (T) or false (F)
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What are the 5 steps generally used by economists to develop a model?
What will be an ideal response?
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