Any increase in autonomous spending will
A) shift the IS curve to the left.
B) shift the IS curve to the right.
C) cause a movement down along an IS curve.
D) cause a movement up along an IS curve.
B
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Denise values a stainless steel dishwasher for her new house at $500 . The actual price of the dishwasher is $650 . Denise
a. buys the dishwasher, and on her purchase she experiences a consumer surplus of $150. b. buys the dishwasher, and on her purchase she experiences a consumer surplus of $-150. c. does not buy the dishwasher, and on her purchase she experiences a consumer surplus of $150. d. does not buy the dishwasher, and on her purchase she experiences a consumer surplus of $0.
It is argued that the market will
A. not produce a nonexcludable public good. B. produce the socially optimal output of a nonexcludable public good. C. produce too much of a nonexcludable public good. D. produce a nonexcludable public good if marginal social benefits are equal to marginal private benefits. E. b and d