Government action can usually perfectly correct the market's shortcomings
a. True
b. False
Indicate whether the statement is true or false
False
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If government increases its purchases by $20 billion and the MPC = 0.9, the resulting increase in the consumption component of AD is: a. $2 billion
b. $18 billion. c. $180 billion. d. $200 billion.
Nonsmoking sections in restaurants are designed to
a. prevent third parties from causing a market failure b. increase demand by achieving market equilibrium c. prevent free riders from incurring a negative externality d. prevent third parties from incurring a negative externality e. achieve market equilibrium which cannot be achieved without the designated sections
The term "cash transfer" means " cash or outright benefits given to individual as outright grants from the government?
A) True B) False
To prevent demand-pull inflation...
What will be an ideal response?