If the federal government is seeking to reduce large budget deficits, the flexibility of fiscal policy is
a. limited when trying to combat inflation.
b. increased when trying to combat unemployment.
c. limited when trying to combat unemployment.
d. unaffected whether trying to combat inflation or unemployment.
c. limited when trying to combat unemployment.
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The figure above shows the demand curve for pizza
a. What is the marginal benefit of the 20th pizza? b. What is the maximum price the consumer is willing to pay for the 20th pizza? c. If the price of a pizza is $6, what is the consumer surplus of the 20th pizza? d. If the price of a pizza is $10, what is the consumer surplus on all the pizzas consumed? e. If the price of a pizza is $6, what is the consumer surplus on all the pizzas consumed?
The figure above shows the market for a good with an external benefit. When 6 units are produced, marginal social benefit equals ________ and marginal external benefit equals ________
A) $200; $150 B) $350; $200 C) $200; $50 D) $350; $150 E) $150; $250
Under the Clinton administration, attempts were made to relax the antitrust enforcement efforts of the Reagan administration
a. True b. False Indicate whether the statement is true or false
Intertemporal decisions are
a. decisions in one period of time. b. decisions over time. c. decisions made without thinking about time. d. decisions involving infinity.