Common property often results in
A) a negative externality.
B) a social benefit.
C) a private cost.
D) exclusive rights of ownership.
A
Economics
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In Figure 3-6 above, unplanned inventory decreases occur at
A) point J. B) point K. C) point L. D) all income levels.
Economics
Refer to the diagram, in which Q f is the full-employment output. If the economy's current aggregate demand curve is AD 0 , it is experiencing:
A. a positive GDP gap.
B. a negative GDP gap.
C. inflation.
D. an adverse supply shock.
Economics