In a move up the IS curve,
A) investment rises.
B) output falls.
C) the real interest rate falls.
D) saving rises.
B
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Which is NOT an advantage of emissions fees over standards?
A) Fees can give a firm the incentive to reduce emissions below the standard when new technology allows. B) Fees can reduce the cost of attaining some goal level of emissions when firms all have the same abatement costs. C) Fees can reduce the cost of attaining some goal level of emissions when firms have different abatement costs and different standards can be assigned to different firms. D) Fees can reduce the cost of attaining some goal level of emissions when firms have different abatement costs and different standards cannot be assigned to different firms. E) Fees may provide an incentive for a firm to investigate emissions-reduction technology that will reduce emissions below existing standards.
A firm is producing 200 units of output at a total cost of $1,000 . The firm's average variable cost equals $4 per unit. Total fixed cost: a. equals $1,000. b. equals $800
c. equals $200. d. equals $2.
Rent seeking refers to unproductive activity in the pursuit of profit.
Answer the following statement true (T) or false (F)
Monetary policy
a. must be described in terms of interest-rate targets. b. must be described in terms of money-supply targets. c. can be described either in terms of the money supply or in terms of the interest rate. d. cannot be accurately described in terms of the interest rate or in terms of the money supply.