A side effect of an action that adversely affects the well-being of others is called a
A. complement.
B. supplement.
C. negative externality.
D. marginal cost.
Answer: C
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Refer to Figure 23-3. Suppose that government spending increases, shifting up the aggregate expenditure line. GDP increases from GDP1 to GDP2, and this amount is $200 billion. If the MPC is 0.8, then what is the distance between N and L or by how much did government spending change?
A) $16 billion B) $40 billion C) $200 billion D) $1,000 billion
Indemnity insurance
a. reimburses for certain types of losses including fire and theft. b. in the basis for most of the health insurance coverage in the U.S. c. is often experience-rated with premiums based on expected losses. d. is sometimes called "casualty insurance.". e. all of the above.
One of the areas Macroeconomics deals with is
a. electricians' wage rates b. monopolistic pricing c. price of automobiles d. general price level
If output falls 1.0 percentage point below its potential, the Taylor rule predicts that the Fed should:
A. reduce the federal funds rate by 0.5 percentage points. B. raise the federal funds rate by 1.0 percentage points. C. raise the federal funds rate by 1.5 percentage points. D. reduce the federal funds rate by 1.0 percentage points.