If the Ricardian equivalence proposition is correct, then
A) deficits harm future generations.
B) deficits reduce investment spending.
C) deficits stimulate the economy in the short run.
D) all of the above
E) none of the above
E
Economics
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Marginal cost is best defined as:
a. a cost that does not vary with the rate of output. b. the difference between fixed and variable cost at any level of output. c. the amount added to total cost when one more unit of output is produced. d. the difference between price and average total cost at the profit-maximizing level of output.
Economics
For economic imperialists, economics is more of a method of analysis than a specific field of study
Indicate whether the statement is true or false
Economics