Poorly defined property rights imply that _____
a. people can play their music as loud as they would like
b. profit opportunities exist for entrepreneurs
c. a Pareto optimum is still easily achieved
d. people may be able to use resources without paying for them
d
Economics
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In a persisting demand-pull inflation
A) aggregate demand increases and potential GDP decreases. B) aggregate demand decreases and aggregate supply decreases. C) aggregate supply decreases and aggregate demand increases. D) aggregate supply increases and aggregate demand increases. E) None of the above answers is correct.
Economics
According to Okun's law, if the cyclical unemployment rate increases by 3 percentage points, real GDP growth will decrease by about 3 percentage points
Indicate whether the statement is true or false
Economics