According to computer estimates using a traditional macroeconomic model, the Obama administration found that the multiplier for tax cuts and government expenditures were respectively

In the above figure, if the firm is in monopolistic competition, it will produce

A) 40 units. B) 60 units. C) between 61 and 99 units. D) 100 units.

Refer to Figure 5-5. If, because of an externality, the economically efficient output is Q2 and not the current equilibrium output of Q1, what does D2 represent?

A) the demand curve reflecting the sum of social and external benefits B) the demand curve reflecting social benefits C) the demand curve reflecting private benefits D) the demand curve reflecting external benefits