Refer to the data for a fictional economy. The changes in the budget conditions between 1998 and 1999 best reflect:
A. demand-pull inflation.
B. an expansionary fiscal policy.
C. a recession.
D. a contractionary fiscal policy.
C. a recession.
Economics
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A monopolist can sell 7 units per day at $7 per unit, or 8 units per day at $6 per unit. Its marginal revenue for the eighth unit of output is: a. $48. b. $6
c. $1. d. -$1.
Economics
In all cases, microeconomics deals with
A) what is. B) what should be. C) relatively small units in the economy. D) the entire economy.
Economics