The U.S. fiscal stimulus in 2009 did not increase GDP substantially because
a. the Federal Reserve was decreasing interest rates and real world estimates for the multiplier might be less than one.
b. the Federal Reserve was increasing interest rates and real world estimates for the multiplier might be less than one.
c. state governments were decreasing spending and real world estimates for the multiplier might be less than one.
d. state governments were increasing spending and real world estimates for the multiplier might be less than one.
c
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Economic costs of an input include
A) only implicit costs. B) only explicit costs. C) both implicit and explicit costs. D) whatever management wishes to report to the shareholders.
Some of a firm's workers are made worse off by the introduction of a union
a. True b. False Indicate whether the statement is true or false