This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of these statements is not true of both external cost and external benefit situations? a. ... (Read 29 times)

pane00

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
Which of these statements is not true of both external cost and external benefit situations?
 a. They both can lead to market failure.
 b. They both cause welfare costs.
 c. They both make it possible for government intervention to lead to more efficient results.
  d. All of the above are true.

Question 2

According to the rational expectation view, does the government have the ability to control the level of real output and unemployment?
 a. Only in the SR and only if it makes unexpected changes in aggregate demand.
 b. Only in the SR and only if it announces plans well in advance, so that expectations are affected.
  c. Only in the LR and only if it shifts AS instead of AD.
 d. Only in the LR and only if it uses monetary policy instead of fiscal policy.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ptupou85

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


pane00

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

blakcmamba

  • Member
  • Posts: 335
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Feedforward events can be conditioned to external stimuli. Feedforward events can be conditioned to external stimuli.
Range of Motion of the Hip Joint, Internal and External Rotation Range of Motion of the Hip Joint, Internal and External Rotation
Adapoids and omomyoids had longer snouts and are the first “true” primates. Adapoids and omomyoids had longer snouts and are the first “true” primates.
The internal and external anatomy of the kidney. The internal and external anatomy of the kidney.
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
External Anatomy of the Spinal Cord External Anatomy of the Spinal Cord
Video: Chloroplast Structure & Light Dependent Reactions (Photosystem 1 and 2 Cyclic Electron Flow)

For a complete list of videos, visit our video library