The federal government ran a surplus during both the 1993-2000 Clinton administrations and the 2001-2008 Bush administrations.
Answer the following statement true (T) or false (F)
False
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Which of the following is NOT an appropriate role for government to play in the economy?
A. Addressing externalities B. Promoting free speech in marketing C. Redistributing income D. Regulating markets
The pure rate of interest is approximated by the:
A. rate that savings and loan associations charge on mortgage loans. B. rate charged consumers by credit card companies. C. rate paid on long-term government bonds. D. announced rate at which commercial banks make business loans.
In choice sets, intertemporal budget constraints illustrate consumption trade-offs over time.
Answer the following statement true (T) or false (F)
In the short run, a monopolistically competitive firm
A) always earns positive economic profits. B) never earns positive economic profits. C) can earn positive, negative, or zero economic profits. D) always earns positive accounting profits.