A $300 billion decrease in both government spending and taxes will
A) decrease GDP by less than $300 billion. B) decrease GDP by more than $300 billion.
C) not change the level of GDP. D) decrease GDP by $300 billion.
D
Economics
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Refer to Table 2-4. Assume Dina's Diner only produces sliders and hot wings. A combination of 40 sliders and 25 hot wings would appear
A) along Dina's production possibilities frontier. B) inside Dina's production possibilities frontier. C) outside Dina's production possibilities frontier. D) at the vertical intercept of Dina's production possibilities frontier.
Economics
Suppose a monopolist has TC = 100 + 10Q + 2Q2, and the demand curve it faces is p = 90 - 2Q. What will be the price, quantity, and profit for this firm?
What will be an ideal response?
Economics