When _____, we are at the optimal amount of pollution
a. pollution is at zero
b. pollution is equal to the amount produced in an unregulated market
c. the total cost of pollution is equal to the total cost of pollution abatement
d. the marginal cost of pollution is equal to the marginal cost of pollution abatement
d
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According to the interest-rate-based monetary policy transmission mechanism, an increase in the money supply will
A) lead to an increase in investment spending and an increase in real GDP which is greater than the increase in investment spending. B) lead to an increase in investment spending and a decrease in real GDP that is equal to the increase in investment spending. C) lead to a decrease in investment spending and an increase in real GDP that is equal to the decrease in investment spending. D) lead to a decrease in investment spending and an increase in real GDP which is greater than the decrease in investment spending.
When real GDP grows more slowly than potential GDP,
a. nominal GDP rises. b. the unemployment rate falls. c. labor productivity falls. d. the unemployment rate rises.
The cross-price elasticity of demand for complements is
A. zero. B. negative. C. positive. D. cannot be specified without more information
In making a production decision, a business owner:
A.) Decides whether to enter or exit the market. B.) Makes a long-run decision about output and revenues. C.) Decides whether to buy or lease new plant and equipment. D.) Decides the short-run rate of output.