(Last Word) In 2000, Microsoft was fined $2.7 billion for

Governments try to smooth business cycles by using these policies, except:

A. Tax policies B. Interest rate policies C. Wage rate policies D. Government-spending policies

Which of the following describes a negative externality?

a. A third party is negatively affected by a private transaction it was not part of. b. A third party is positively affected by a private transaction it was not part of. c. A party is negatively affected by a private transaction in which it took part. d. A party is positively affected by a private transaction in which it took part.