You may incorrectly conclude that an idea no other person has implemented is highly profitable because:
A. you misjudged people's wants and constraints.
B. you miscalculated the trade-offs people face.
C. you misunderstood how people would respond to incentives.
D. All of these.
D. All of these.
Economics
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If Congress and the president pursue an expansionary fiscal policy at the same time as the Federal Reserve pursues an expansionary monetary policy, how might the expansionary monetary policy affect the extent of crowding out in the short run?
What will be an ideal response?
Economics
Label the long-run supply curve.
Economics