Macroeconomic equilibrium is always good, because:
a. Actually, macroeconomic equilibrium can be either good or bad. It is not always good.
b. Because it is the only place where actual demand equals actual supply.
c. Because it is the only place where planned demand equals planned supply.
d. None of the above.
e. It gives the nation a breather and allows it to catch up with itself economically.
.A
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The price of a shirt is $20. Charlie can produce a shirt at a marginal cost of $10, Mac can produce a shirt for $18, and Dennis can produce a shirt for $22
For a shirt, Deandra has a marginal benefit of $25, Frank has marginal benefit of $20, and Artemis has a marginal benefit of $18. Which of the following statements is correct? A) The sum of consumer surplus is $5 and the sum of producer surplus is $12. B) The sum of consumer surplus is $12. C) Only Frank and Artemis will purchase a shirt. D) Only Dennis will produce a shirt. E) The sum of producer surplus is $10.
In the instances where a loan has been issued under certain terms and has to be repaid, what happens when the borrower does not uphold these stipulations?
A) call B) option C) payment D) default E) fraud