Relative to the Keynesians, the supply-side economists
a. place more emphasis on the importance on the level of investment than on the level of income.
b. place more emphasis on the after-tax rate of return as a determinant of investment.
c. are more concerned with government budget deficits.
d. All of the above
D
Economics
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A pure monopolist:
A. will realize an economic profit if price exceeds ATC at the profit-maximizing/loss-minimizing level of output. B. will realize an economic profit if ATC exceeds MR at the profit-maximizing/loss-minimizing level of output. C. will realize an economic loss if MC intersects the downsloping portion of MR. D. always realizes an economic profit.
Economics
A tariff is a tax imposed by a government on
A) exports. B) services. C) imports. D) luxury items.
Economics