The median voter votes yes for a project if
A) the value of the project for him is larger than the tax he needs to pay.
B) the value of the project for him is smaller than the tax he needs to pay.
C) the total benefits are positive.
D) the total cost is zero.
A
Economics
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Stagflation occurs when aggregate supply and aggregate demand both increase
Indicate whether the statement is true or false
Economics
Within the framework of the aggregate expenditures model, what will happen if an economy is operating at a real GDP greater than full-employment real GDP?
a. An inflationary gap exists. b. Real GDP will fall. c. The inventories of firms will rise. d. Firms will cut back on their current rate of output.
Economics