Figure 4-6
The revenue generated by the tax illustrated in is given by the area
a.
ACLH.
b.
BEKM.
c.
ACFG.
d.
0AGJ.
b
Economics
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Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the short run would be:
A. P1 and Y2. B. P3 and Y1. C. P2 and Y2. D. P2 and Y3.
Economics
When a physician knows more about alternative treatments than her patients do, we say that _______ exists.
a. adverse selection b. asymmetric information c. rational ignorance d. moral hazard e. perfect information
Economics