Includes spending by all levels of government on final goods and services
What will be an ideal response?
government spending
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Firms in which of the following industries can earn an economic profit in the long run?
A) both monopolistic competition and monopoly B) perfect competition C) monopoly D) monopolistic competition E) monopolistic competition and perfect competition
Other things equal, the higher the fiscal deficit, the higher the required increase in base money
a. True b. False Indicate whether the statement is true or false
In general, with a monopolist's outcome, total surplus is:
A. the same as that of a competitive market. B. higher than that of a competitive market. C. lower than that of a competitive market. D. Any of these is possible.
If the Fed wishes to increase the money supply, it could:
A. increase the discount rate. B. buy bonds. C. increase the reserve requirement. D. print more currency.