A cost that arises from the production or consumption that falls on someone other than the producer or consumer is called
A) a negative benefit.
B) a public choice impact.
C) a positive externality.
D) a negative externality.
E) a private good.
D
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The economy is at full employment when all unemployment is ________
A. structural B. cyclical C. structural and cyclical D. structural and frictional
The LM curve is the set of combinations of ________ such that ________
A) interest rates and real money balances, real income equals real money balances times (1/r) B) interest rates and real money balances, the money supply is equally demanded C) real income and real money balances, the production of output is equally demanded D) real income and interest rates, the production of output is equally demanded E) real income and interest rates, the money supply is equally demanded