Governments often subsidize activities that generate positive externalities in order to get people to engage in more of them
a. True
b. False
A
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When marginal product is less than average product,
a. average product falls. b. average product is zero. c. average product increases. d. average product is unaffected.
A leveraged buyout is
A) a form of short-term lending to finance companies when they buy a company. B) the acquisition of a company financed by debt. C) the sale of commercial paper to finance purchases of bundles of securitized non-traded loans. D) borrowing by finance companies to make loans.
Contractionary monetary policy causes a ________ the MP curve and a ________ the aggregate demand curve
A) movement to the right along; shift to the right of B) downward shift of; shift to the right of C) movement to the left along; movement up along D) upward shift of; shift to the left of
Federal deficits amounted to 3.5 percent of the U.S. GDP by 2003 because of: a. the global financial crisis of 2002 that increased the rate of unemployment
b. an increase in the cost of fighting the war against terrorism. c. an improving stock market that decreased interest payment burdens for the government. d. a decrease in military and defense spending due to the end of the war in Iraq. e. an increase in welfare spending and Medicare expenses.