The optimal collective decision rule is found where _____
a. decision-making costs are minimized
b. the sum of the external and decision-making costs are minimized
c. marginal political costs and marginal political benefits are equalized
d. external costs are minimized
b
Economics
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Real business cycles could be a result of
A) shocks to the aggregate supply side of the economy. B) abrupt changes in monetary policy. C) increases in the budget deficit and national debt. D) discretionary fiscal policy.
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