When the economy is in macroequilibrium, unintended investment
a. is positive
b. is negative
c. equals saving
d. is zero
e. equals intended investment
D
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A government subsidy
A) is a policy that can be used to help eliminate the deadweight loss from an external cost. B) can help achieve an efficient amount of output when the good has an external benefit. C) increases consumers' marginal benefit from the good. D) Both answers A and C are correct. E) Both answers B and C are correct.
The federal minimum wage law seeks to
a. maximize employment for low wage occupations. b. shift employment from low wage to high wage industries. c. create a floor for wages. d. index wages to the CPI.
Refer to Table 8-18. What is real GDP in 2016, using 2011 as the base year?
A) $28,885 B) $11,790 C) $11,200 D) $10,275
An increase in consumer wealth would shift the aggregate demand curve rightward
Indicate whether the statement is true or false