The most appropriate countercyclical policy, or stabilization policy, in times of unemployment, according to classical economists, is for the government to

In order to be a public good a good must be both a collective consumption good and be nonexcludable

a. True b. False

Under monopsony, marginal factor cost

A) is downward sloping. B) is less than the wage rate, although it increases as more workers are hired. C) equals the wage rate. D) is greater than the going wage rate.