From Figure 8-5, one can deduce
A. TR = TC at outputs 10 and 60.
B. MR = MC at output 35.
C. TFC = 100.
D. All of the responses are correct.
Answer: D
Economics
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Suppose policy makers implement a fiscal expansion that is not fully anticipated by financial market participants. We know that this will
A) always cause stock prices to fall. B) always cause stock prices to rise. C) tend to cause stock prices to rise if the LM curve is very flat. D) tend to cause stock prices to rise if the LM curve is vertical.
Economics
In order to have a stable economy, what is the necessary relationship between income and spending? What must then be the relationship between leakages and injections?
What will be an ideal response?
Economics