The forces that generate economic growth are those that...
What will be an ideal response?
shift the long-run aggregate supply curve rightward
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Government debt "crowds out" private investment because
A) the government and private firms compete in the same market for savings. B) private firms stop borrowing money when the government enters the market. C) the government's increased demand for loans decreases interest rates. D) the government can order the public to buy bonds.
A monopolistic competitor produces 1,200 units of a good at an average cost of $120 per unit. If the price charged is $135, calculate his total profit
A) $13,500 B) $1,100 C) $18,000 D) $2,000
The Tragedy of the Commons results when a good is
a. rival in consumption and not excludable. b. excludable and not rival in consumption. c. both rival in consumption and excludable. d. neither rival in consumption nor excludable.
In the figure above, when the price of a CD is $8.00, total producer surplus from all the CDs will be
A) zero. B) greater than at $10.00 per CD. C) $20 million. D) $10 million.