After the 2008 expansionary policy, unemployment remained higher than desired and output was much lower than desired.
Answer the following statement true (T) or false (F)
True
It took more years to reduce the unemployment rate compared to the typical recession. Fiscal policy was less effective than expected.
Economics
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"External economies" derive from all of the following except
(a) the joint use of transportation facilities. (b) labor force concentrations in urban areas. (c) social overhead facilities such as police and fire protection. (d) economies of management associated with large firms.
Economics
An example of a cost externality occurs when a mining company
A) dumps waste in river upstream from a popular fishing spot. B) produces coal that is not in demand in a recession. C) underpays its employees. D) overwork its employees.
Economics