The level of output at which the short-run aggregate supply curve and the aggregate demand curve intersect is the full-employment level of GDP.
Indicate whether the statement is true or false
Question 2
The Coase theorem applies when property rights are given
A) to the victim of pollution but not to the polluter.
B) to the polluter but not to the victim.
C) to either the polluter or the victim.
D) neither to the polluter nor to the victim.
