Use the above table. What will the output level be when external costs are internalized with a tax?
A) 4
B) 5
C) 6
D) 7
B
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The simple Keynesian model
a. overstated the effect of an increase in government spending by neglecting the necessary increase in the interest rate and consequent decline in investment that accompany an increase in government spending. b. understated the effect of an increase in government spending by neglecting the necessary increase in the interest rate and consequent decline in investment that accompany an increase in government spending. c. overstated the effect of an increase in government spending by neglecting the necessary decrease in the interest rate and consequent increase in investment that accompany a decrease in government spending. d. understated the effect of an increase in government spending by neglecting the necessary decrease in the interest rate and consequent decrease in investment that accompany an increase in government spending.
The poverty line is higher than the welfare eligibility income in
A. no states. B. a few states. C. most states. D. all states.
Refer to the following computer output from estimating the parameters of the nonlinear modelY = aRbScTdThe computer output from the regression analysis is: 
Based on the info above, if S increases by 8% (all other things constant), Y will
A. decrease by 4.4%. B. increase by 0.44%. C. decrease by 3.52%. D. decrease by 0.44%.
Economies can be organizations such as
A) households. B) individual states of the United States. C) entire countries. D) households, states, and countries.