Automatic changes in tax revenues and expenditures that occur as a result of fluctuations in real GDP are referred to as automatic

Real business cycle theory emphasizes that shocks to technology can play a big part in causing economic fluctuations

Indicate whether the statement is true or false

If the local slaughterhouse gives off an unpleasant stench, then the equilibrium quantity of meat will be ________ the quantity that maximizes total economic surplus.

A. higher than B. lower than C. equal to D. more equitable