Economic costs of an input include
A) only implicit costs.
B) only explicit costs.
C) both implicit and explicit costs.
D) whatever management wishes to report to the shareholders.
C
Economics
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Predicting the impact of institutional change on the effectiveness of monetary policy is best done with a
A) structural model. B) reduced-form model. C) black-box model. D) scientific model.
Economics
One consequence of an increase in government spending is that
a. autonomous consumption will increase b. autonomous consumption and investment spending will decrease c. the increase in GDP will equal the size of the amount of spending d. autonomous consumption and investment spending will increase e. investment spending will increase
Economics