One problem with the utilitarian principle is that it ignores
A) increasing marginal costs.
B) decreasing marginal benefits.
C) the costs of making income transfers.
D) poor people.
C
Economics
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What is TRUE of the aggregate supply curve in the classical model?
A) The aggregate supply curve is downward sloping. B) The aggregate supply curve is vertical. C) The aggregate supply curve is horizontal. D) The aggregate supply curve is not determined by the level of employment.
Economics
What is the significance of the multiplier? What causes the multiplier to be larger or smaller?
What will be an ideal response?
Economics