Refer to the data. The gross domestic product is:
Answer the question on the basis of the following data. All figures are in billions of dollars.
A. $326.
B. $282.
C. $307.
D. $300.
C. $307.
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In a Bertrand model with differentiated products
A) firms can set price above marginal cost. B) firms set price at marginal cost. C) price is independent of marginal cost. D) firms set price independently of one another.
According to the neo-Keynesians, the Phillips curve is stable over time
Indicate whether the statement is true or false
The government might provide a subsidy when
A) a negative externality exists. B) an effluent fee has been unsuccessful. C) it wants to increase the amount of a good consumed. D) it wants to transform a negative externality into a positive externality.
The consumer price index measures the prices of:
What will be an ideal response?