For an oligopoly, when the quantity effect outweighs the price effect, the typical firm may find it optimal to:

If the economy is experiencing an inflationary gap, Keynesian economists advocate allowing flexible wages to shift the short-run aggregate supply curve (SRAC) upward and restore full employment

a. True b. False Indicate whether the statement is true or false

In order to avoid the free-rider problem, which of the following goods is best provided by the government and paid for with tax dollars?

a. automobiles b. lighthouses c. bread d. prescription drugs e. windows