An individual having an unusually bad year will be on her short-run consumption function at a point ________ her long-run consumption function, with an unusually ________ saving ratio

The critical factor in maintaining the value of the dollar is

A) confidence the supply of dollars will be limited. B) government budget deficits. C) government budget surpluses. D) the U.S. balance of international payments. E) vigorous economic competition.

An optimal corrective tax _____

a. falls as quantity produced increases b. is above the marginal external product c. is a lump sum tax d. helps to increase demand for the taxed product