A change in technology or the relative prices of the inputs used in a production process would cause a manager's choice of inputs to use in the production process to change as well

Under what conditions will the political process provide an inefficient amount of a public good?

What will be an ideal response?

The monetarists emphasize the

a. importance of fiscal policy for determining GDP. b. the instability of the money supply. c. the stability of velocity. d. need to "fine tune" the level of economic activity. e. both b and c.