A tax on buyers shifts the demand curve to the right
a. True
b. False
Indicate whether the statement is true or false
False
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In the figure above, if the market is unregulated,
A) more than the efficient amount of output will be produced. B) less than the efficient amount of output will be produced. C) the allocation of resources will be efficient because the efficient amount of output will be produced. D) the deadweight loss will be zero.
How does the government protect depositors from the consequences of bank failure?
Policymakers often consider trade restrictions in order to protect domestic producers from foreign competitors
a. True b. False Indicate whether the statement is true or false
If the output gap equals ?3.2 percent, then:
A. potential GDP is lower than actual GDP. B. there is no cyclical unemployment. C. cyclical unemployment equals the sum of structural and frictional unemployment. D. there is a recessionary gap.