Free riders consume or enjoy benefits that they do not pay for
Indicate whether the statement is true or false
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Refer to Figure 3.1. If Homer confesses to the crime and Marge does not, what is Homer's payout?
A) 1 year B) 2 years C) 7 years D) 15 years
In the recent Global Economic Crisis, the negative wealth effect caused
A) LM curve to shift to the right. B) LM curve to shift to the left. C) IS curve to shift to the left. D) LM curve to shift to the right.
The fiscal policy of the United States is
A) summarized in the budget of the U.S. federal government. B) the sum of the budgets of each state and municipality. C) published in the Federal Reserve Bank's Annual Report. D) announced by the President in his State of the Union message.
In long-run equilibrium, a perfectly competitive firm's short-run marginal cost curve crosses the long-run average cost curve at the lowest point on the long-run average cost curve
a. True b. False Indicate whether the statement is true or false