Everything else held constant, a credit-drive bubble is generally considered to have the potential to cause ________ damage to an economy compared to an irrational exuberance bubble
A) less
B) about the same amount of
C) more
D) either more, less, or the same amount of
C
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The largest component of aggregate expenditure is
A. government purchases. B. exports. C. consumption. D. investment.
From the data in the above table, GDP equals
A) $1,120. B) $1,280. C) $1,290. D) $1,360.
An optimal corrective tax levied on polluters will:
A. not generate enough revenue to pay for the cost of the damage resulting from pollution that occurs at the efficient output of the good. B. decrease pollution to zero. C. be equal to the marginal cost of their actions imposed on third parties. D. increase the supply of polluting goods.
The table shows some data that describes Tom's T-Shirts' total product when Tom's has 1 sewing machine. When 4 workers are employed, ________
A) average product of labor is a maximum B) marginal product of labor is less than average product of labor C) marginal product of labor exceeds average product of labor D) marginal product of labor equals average product of labor