What is the total impact on aggregate demand because of a fiscal stimulus?
A. The amount of the initial increase in government spending
B. The changes in consumer spending, but not the change in government spending
C. The initial injection plus all subsequent increases in consumer spending triggered by the stimulus
D. The initial injection plus the consumption increase in the first round
C. The initial injection plus all subsequent increases in consumer spending
You might also like to view...
Refer to Exhibit 10-2. At M,
a. TP > TE. b. the relationship between TP and TE cannot be determined. c. TE > TP. d. TP = TE.
A ________ monopoly sells different units of its good or service for ________
A) price-discriminating; different prices B) price-discriminating; the same price C) single-price; the same price D) single-price; different prices E) Both Answers A and C are correct.
Suppose Veronica sells teapots in the perfectly competitive teapot market. Her output per day and her costs are as follows:
Output per Day Total Cost 0 $20 1 32 2 37 3 48 4 61 5 75 6 92 7 113 8 136 Suppose the current equilibrium price in the teapot market is $10. To maximize profit, how many teapots will Veronica produce, what price will she charge, and how much profit (or loss) will she make? Draw a graph to illustrate your answer. Your graph should include Veronica's demand, ATC, AVC, MC, and MR curves, the price she is charging, the quantity she is producing, and the area representing her profit (or loss).
Personal cognitive surplus and access to Web 2.0 has spurred the rise of a new collaborative ________ model.
a. social b. economic c. access d. adaptive e. none of the above