According to Keynesian theory, a recessionary gap can be closed using expansionary fiscal policy
Indicate whether the statement is true or false
True
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Increases in ________ typically lead to decreases in private saving
A) the interest rate B) disposable income C) autonomous consumption D) all of the above E) none of the above
The game in the figure shown is a version of:
A. the prisoner's dilemma.
B. the first-mover advantage.
C. a sequential game.
D. a repeated game.
At the market output and price for a good whose production causes pollution,
a. pollution is eliminated b. the marginal social cost of production exceeds the marginal social benefit of production c. the private cost of production equals the private benefit of production d. the marginal social benefit of production equals the marginal social cost of production e. too little of the good is produced
Less-developed countries often have low economic growth rates because of
a. low population growth rates and poor infrastructure b. low current output per capita, high population growth rates and good infrastructure c. low current output per capita, high population growth rates and poor infrastructure d. low current output per capita, low population growth rates and poor infrastructure e. low current output per capita and poor infrastructure