A problem when implementing countercyclical fiscal policy is
a. knowing where the turning point is
b. defining the accelerator
c. identifying which multiplier to use
d. knowing when the balanced budget multiplier equals 1.0
e. finding the natural unemployment rate
E
Economics
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At the midpoint of a downward sloping straight-line demand curve, the demand
A) is elastic. B) is unit elastic. C) is inelastic. D) has an elasticity exactly equal to zero.
Economics
Consumer surplus is the difference between the most that consumers would pay and ________
a. the actual amount they do pay b. the amount they want to pay c. the actual amount it costs to produce d. none of the above
Economics