In the multiple-polluter case, each firm faced with an emission charge imposed as a marginal tax (MT) abates as long as

a. its MAC b. its MAC>MT d. its TAC are lower than its total tax burden

a. its MAC

Economics

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The "excess" growth rate of the money supply is the growth rate of money

A) plus the long-run growth rate of velocity. B) minus the long-run growth rate of velocity. C) plus the long-run growth rate of real GDP. D) minus the long-run growth rate of real GDP.

Economics

Which of the following was not part of the neoclassical synthesis?

A) the IS curve B) the LM curve C) the Phillips curve D) aggregate demand E) rational expectations

Economics