A divisive society is a nonexcludable public _____________ because it comes with ____________.
A. good; utility
B. bad; disutility
C. bad; utility
D. good; disutility
Answer: B
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Which of the following assumptions indicates that there is no trade-off between inflation and unemployment?
A) A vertical aggregate demand curve B) A vertical Phillips Curve C) Constant velocity D) Constant money supply growth rate
The provision of funds to the mortgage market through the purchase of mortgage-backed securities and mortgages is performed by ________
A) Fannie Mae and Freddie Mac B) the Federal Housing Administration C) the Federal Reserve System D) subprime borrowers
What is cost-benefit analysis? Describe the process of cost-benefit analysis
What will be an ideal response?
If nominal GDP doubles and the GDP deflator doubles, then real GDP
a. remains constant. b. doubles. c. triples. d. quadruples.