According to Ricardian equivalence, a long-run impact on the economy occurs when the government ________
A) lowers taxes
B) issues more government bonds
C) increases spending on capital goods
D) raises taxes
C
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What are the many different sources of funding to finance firms’ R&D expenditures? If an entrepreneur uses personal funds is there a cost for financing?
What will be an ideal response?
If labor supply of unskilled workers is perfectly inelastic, then
A. the labor supply curve of unskilled workers is vertical at the total number of unskilled workers in the market. B. firms face an increasing marginal cost of hiring unskilled labor. C. firms face a horizontal value of marginal product of employment curve. D. workers will supply more hours of labor to the market when wages increase. E. the labor supply curve of unskilled workers is horizontal at the market-clearing wage.