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Author Question: The free-rider problem is the absence of an incentive for A) firms to produce public goods. B) ... (Read 160 times)

SO00

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on: Jun 29, 2018
The free-rider problem is the absence of an incentive for
 
  A) firms to produce public goods.
  B) people to use common resources.
  C) people to pay for what they consume.
  D) people to vote.

Question 2

In the aggregate demand-aggregate supply framework, how does an increase in the price level affect potential GDP?
 
  What will be an ideal response?


laurnthompson

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

An increase in the price level has no effect on potential GDP. Potential GDP is independent of the price level, so increases or decreases in the price level have no effect on potential GDP.


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SO00

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Reply #2 on: Jun 29, 2018
Thank you :)


laurnthompson

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Reply #3 on: Jun 29, 2018
Happy to help you


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