Part of the reason for the success of Facebook is:
A. the avoidance of a positive externality.
b. a strong negative network externality.
C. a strong positive network externality.
D. the avoidance of a negative externality.
C. a strong positive network externality.
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At a price of P0 in the above figure, which of the following statements is FALSE?
A) Quantity demanded equals quantity supplied. B) There is an equilibrium in the market. C) P0 is the market clearing price. D) There is a surplus equal to Q0.
Suppose aggregate demand shifts to the left and policymakers want to stabilize output. What can they do?
a. repeal an investment tax credit or increase the money supply b. repeal an investment tax credit or decrease the money supply c. institute an investment tax credit or increase the money supply d. institute an investment tax credit or decrease the money supply