_______________________ specifies the relation between technology and the factor inputs to output
A) Neoclassical growth theory
B) Meta-ideas
C) The LRAS curve
D) A production function
D
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Refer to the table above. When the price is ________ and the quantity is ________, social surplus is maximized
A) $8; 5 units B) $6; 4 units C) $4; 4 units D) $2; 8 units
Sweep accounts
A) have made reserve requirements nonbinding for many banks. B) sweep funds out of deposit accounts into long-term securities. C) enable banks to avoid paying interest to corporate customers. D) reduce banks' assets.
The operation of the total economy can best be demonstrated by a
a. merry-go-round. b. circular flow. c. Ferris wheel. d. roller coaster.
Other things constant, if both the benefits and costs of a public-sector activity are widespread among voters, the political process will generally result in the
a. rejection of productive activities and acceptance of unproductive activities. b. acceptance of both productive and unproductive activities. c. rejection of both productive and unproductive activities. d. acceptance of productive activities and rejection of unproductive activities.