The major reasons why economists have grown increasingly skeptical about countercyclical fiscal policy are
a. irreversibility, forward looking behavior, and the reaction of the Federal Reserve.
b. irreversibility, forward looking behavior, and the negative effects of imports.
c. timing problems, irreversibility, and forward looking behavior,
d. timing problems, irreversibility, and the reaction of the Federal Reserve.
e. timing problems, irreversibility, forward looking behavior, and the reaction of the Federal Reserve.
E
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Which of the following is a consumption good or service?
A) a United Parcel Service truck delivering Christmas gifts B) a personal computer purchased in order to play games at home C) a satellite dish installed by Cox Cable to download programs that are then distributed through its cable system D) a United Airline ticket counter E) the Endeavor space shuttle
What area in the above figure is the producer surplus at the efficient quantity?
A) A B) A + B + C C) F D) D + E + F