During the 2009-2010 debate on the stimulus package, democrats argued primarily for increased government spending. What effect would this have on the value of the multiplier?

When was the last year the United States had a budget surplus?

A) 2001 B) 1993 C) 2014 D) 1984

When the loss from a business-stealing externality exceeds the gain from a product-variety externality,

a. firms are more likely to operate at efficient scale. b. there are likely to be too many firms in a monopolistically competitive market. c. market efficiency is likely to be enhanced by the entry of new firms. d. all firms are earning zero economic profit.