When government action leads to inefficiency, it is known as
A) government failure.
B) government as usual.
C) lack of government trust.
D) politics.
A
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According to the graph shown, if Q2 units are being produced, this monopolist:
This graph shows the cost and revenue curves faced by a monopoly.
A. is not maximizing profits.
B. is producing where marginal costs are less than marginal revenue.
C. is earning negative profits.
D. should increase production.
The above table has the private demand for loanable funds and the private supply of loanable funds schedules. If the government budget surplus is $200 billion, and there is no Ricardo-Barro effect, the equilibrium real interest rate is ________ and the equilibrium quantity of loanable funds is ________.
A. 4? percent; $500 billion B. 8? percent, $500 billion C. 6? percent; $600 billion D. 8? percent; $700 billion E. 4? percent; $700 billion