if usda estimates that expected corn-based ethanol production will increase, this is expected to:
a) increase estimated "use" of corn (in the current crop year)
b) increase estimated "supply" of corn (in the current crop year)
a) increase estimated "use" of corn (in the current crop year)
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Of the following OECD countries, which spends the most on health care when measured as a percentage of GDP?
A) the United Kingdom B) Japan C) Canada D) the United States
Adverse selection is due to
A) hidden characteristics. B) hidden actions. C) symmetric information. D) moral hazard.
Automatic stabilizers combine changes in discretionary fiscal policy with changes in government spending and taxes influenced by the business cycle in order to stabilize the economy
a. True b. False Indicate whether the statement is true or false
If investment spending decreases by $500 billion and if MPC = 0.6,
a. equilibrium GDP will rise by $1,250 billion b. equilibrium GDP will fall by $500 billion c. equilibrium GDP will fall by $1,250 billion d. equilibrium GDP will rise by $500 billion e. nothing will happen in the short run