If an activity is worth pursuing at all, then the only information the decision maker needs to make a choice is
a. total benefits.
b. marginal benefits and marginal costs.
c. variable costs.
d. fixed costs.
b. marginal benefits and marginal costs.
Economics
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Real business cycle theorists take the comovement of aggregate output and Solow residuals as strong confirmation that economic fluctuations are caused by ________
A) changes in aggregate demand B) changes in the money supply C) changes in the rate of inflation D) productivity shocks
Economics
A point inside the production possibilities curve illustrates a situation in which resources are not fully employed
a. True b. False
Economics