The demand curve for a public good is also called the
A) total social benefit curve. B) total welfare curve.
C) total willingness-to-pay curve. D) marginal social benefit curve.
D
Economics
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To describe recessions as a "cluster of errors" in the economy means
A) markets never clear, even in the best of times. B) something has caused people to systematically misread the signals provided by the market process. C) the laws of supply and demand have failed to work. D) monopolies force people out of work.
Economics
Conservatives usually favor increasing government spending to increase aggregate demand.
Answer the following statement true (T) or false (F)
Economics