Author Question: An externality can be a A) cost or a benefit. B) benefit but not a cost. C) cost but not a ... (Read 110 times)

bobthebuilder · **on:** Jun 29, 2018

An externality can be a

A) cost or a benefit.
B) benefit but not a cost.
C) cost but not a benefit.
D) marginal cost but not a total cost.

Question 2

In the short-run, a rise in the money wage rate leads to

A) an increase in the price level and an increase in real GDP.
B) an increase in the price level and a decrease in real GDP.
C) an increase in the price level, but no change in real GDP.
D) no change in the price level, but an increase in real GDP.