If the government runs a deficit, which of the following will be true?
a. T > G - TR
b. T < G - TR
c. T > G + TR
d. T < G + TR
d
Economics
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In the long-run, a firm in monopolistic competition has
A) a price that exceeds its average total cost. B) a price that exceeds its marginal cost. C) an average total cost that exceeds its price. D) a marginal cost that exceeds its price.
Economics
Which of the following does not shift the entire consumption function?
a. Net Wealth b. Price Level c. Interest Rates d. Producer Expectations
Economics