The term nonexclusive means that once the good is provided, no one can be excluded from deriving its benefits
Indicate whether the statement is true or false
T
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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. B; C C. B; A D. D; B
The Bureau of Labor Statistics classifies people who would like to work but have given up looking for a job as
a. unemployed. If they were classified as out of the labor force, the reported unemployment rate would be larger. b. unemployed. If they were classified as out of the labor force, the reported unemployment rate would be smaller. c. out of the labor force. If they were classified as unemployed, the reported unemployment rate would be larger. d. out of the labor force. If they were classified as unemployed, the reported unemployment rate would be smaller.
As a result of an expansionary monetary policy ________
a. both aggregate expenditure and aggregate demand increase b. both aggregate expenditure and aggregate demand decrease. c. aggregate expenditure increases and aggregate demand decreases. d. aggregate expenditure decreases and aggregate demand increases. e. aggregate expenditure remains unchanged; aggregate demand increases.
Which of the following is not considered by economists to be an economic resource?
A. Money. B. Factory workers. C. Computers at a retail store. D. A forest.