What will a market that experiences a positive externality also experience?
a) a greater market output and lower market price than is optimal
b) a smaller market output and lower market price than is optimal
c) a smaller market output and a higher market price than is optimal
d) a greater market output and higher market price than is optimal
Ans: b) a smaller market output and lower market price than is optimal
Economics
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The first systematic attempt to explain the determinants of the price level and national levels of income, employment, consumption and real Gross Domestic Product (GDP) was made by ________ economists
A) supply-side B) classical C) Keynesian D) monetarist
Economics
Which of the following is a true measure of national output?
a. GDP at market price b. Nominal GDP c. GDP in current dollars d. GDP in constant dollars
Economics