Author Question: Nonrivalry in consumption and the inability to exclude nonpaying consumers from using the goods are ... (Read 65 times)

ss2343 · **on:** Jun 30, 2018

Nonrivalry in consumption and the inability to exclude nonpaying consumers from using the goods are characteristics of what kinds of goods?
a. durable
b. nondurable
c. public
d. private

Question 2

If people have rational expectations and correctly estimate the effects of a change in government policy, when the economy is initially at full employment, any anticipated decrease in aggregate demand will result in:
a. a decrease in both aggregate demand and short-run aggregate supply.
b. an increase in short-run aggregate supply that will maintain full employment.
c. higher prices that will reduce aggregate demand to its original level.
d. a decrease in short-run aggregate supply that will maintain full employment.