Lindahl prices
A. result in efficient levels of public goods provision.
B. require honest revelation of preferences.
C. result in different prices for the same amount of output.
D. cause all of these.
E. none of these answer options are correct.
D. cause all of these.
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Contractionary fiscal policy is deliberate government action to influence aggregate demand and the level of real GDP through:
a. expanding and contracting the money supply. b. encouraging business to expand or contract investment. c. regulating net exports. d. decreasing government spending or increasing taxes.
One of the basic economic defenses of economic growth rests on the conclusion that:
A. Growth makes workers less obsolete and more secure in employment B. Growth reduces the cost to society of "common property" resources C. Growth makes the gap between unlimited wants and scarce resources less acute D. A growth-oriented society confers a "work and look to the future" attitude on the members of society