Refer to Figure 5-7. What is the incremental cost of increasing the quantity of pollution reduction from QB to QE units?
A) the value of the area QBBEQE B) PF × QE
C) the value of the area BEF D) PF
A
Economics
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In the market for reserves, if the federal funds rate is above the interest rate paid on excess reserves, an open market sale ________ the ________ of reserves, causing the federal funds rate to increase, everything else held constant
A) increases; supply B) increases; demand C) decreases; supply D) decreases; demand
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An increase in the tax rate (t)
A) will rotate the budget line upward. B) will increase the slope of the budget line. C) will shift the budget line downward. D) A and B.
Economics