Which of the following are justifications for running a budget deficit?
a. avoiding raising tax rates
b. stabilizing an economy during a recession
c. both a and b
d. neither a nor b
d
Economics
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When the bandwagon effect exists, a change in price is likely to
A) change total revenue less than if there were no network externalities. B) change total revenue more than if there were no network externalities. C) change total revenue the same amount as if there were no network externalities. D) not change total revenue at all.
Economics
When the firm is able to perfectly price discriminate, each unit is sold at its: a. peak load price
b. reservation price. c. cost price. d. market price.
Economics