The benefit from an additional unit of a good or service that the consumer of that good or service receives is the
A) marginal private benefit.
B) marginal external benefit.
C) marginal social benefit.
D) opportunity cost.
A
Economics
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In a closed economy, which of the following components of GDP is not included?
A) net exports B) consumption C) investment D) government spending
Economics
Refer to Figure 12.2. Suppose the economy is initially above potential GDP, and the actual inflation rate is greater than the expected inflation rate
If the Fed wants to achieve the goal of price stability, this would be represented by a movement on the Phillips curve from A) point A to point B. B) point C to point B. C) point B to point A. D) point A to point B to point C.
Economics