Suppose the economy is initially in the steady state. An increase in the depreciation rate (?) will cause
A) a reduction in K/N.
B) a reduction in Y/N.
C) a reduction in C/N.
D) all of the above
E) none of the above
D
Economics
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Firms in a small economy planned that inventories would grow over the past year by $500,000. Over that year, inventories did grow by exactly $500,000. This implies that
What will be an ideal response?
Economics
The total burden of a tax is $10,000 and the tax revenue from this tax is $8,000. The excess burden of this tax is
A. $2,000. B. $8,000. C. $10,000. D. $18,000.
Economics