Public goods:
a. Can be both produced and financed by the private sector
b. Can be both produced but not easily financed by the private sector
c. Cannot be produced but can be financed by the private sector.
d. Cannot be produced or easily financed by the private sector.
b
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Consumer spending ________ and investment spending ________
A) follows a smooth trend; is the most stable component of aggregate expenditure B) is very volatile and subject to fluctuations; follows a smooth trend C) follows a smooth trend; is more volatile and subject to fluctuations D) is very erratic; is also erratic, but less erratic than consumer spending
Measuring expenditures and income with the price level allowed to vary, so that changes in these values represent changes in either the actual amount of goods, services, and income or changes in the price level or a combination of both factors is
denoted in ________ terms. A) nominal B) real C) constant dollar D) all of the above
What is "game theory"?
What will be an ideal response?
Information asymmetry is not a problem when:
A. the wants of both parties are aligned with one another. B. the wants of both parties are opposed to one another. C. the constraints of both parties are identical. D. both parties lack the same information.