Suppose we have an economy in which G = 100, t = 0.26, Y = 3800, and YN = 4000. Then t rises to 0.28 as the same time as G rises to 1150. The overall impact of this resettling of the fiscal variables is ________ because ________
A) expansionary, the actual deficit rises
B) expansionary, the natural employment deficit falls
C) contractionary, the natural employment deficit falls
D) contractionary, the natural employment deficit rises
E) contractionary, the actual deficit rises
C
Economics
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Having a competitive advantage emanates from
a. Increased price b. Decreased cost c. One or both of the above d. None of the above
Economics
If Microsoft is earning a rate of return greater than the return necessary for the business to continue operations in the long run, then
A. the normal rate of return is zero. B. total costs exceed total revenue. C. total costs exceed a normal rate of return. D. the firm is earning an economic profit.
Economics