Economics 12E - Arnold - TB_384 - KEYWORDS: Bloom's:...

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KEYWORDS:Bloom's: Analysis84. Using the production function Real GDP =T (L, K),and the LRAS curve, describe theprocess by which a decline in taxes on the returns to capital impacts economic growth.
POINTS:1DIFFICULTY:ModerateNATIONAL STANDARDS:United States - BUSPROG: AnalyticLOCAL STANDARDS:United States - OH - Default City - DISC: Productivity and growthKEYWORDS:Bloom's: Application85. Using the production function Real GDP =T (L, K),and the LRAS curve, describe theprocess by which a decline in interest rates impacts the use of capital and economic growth.
POINTS:1DIFFICULTY:ModerateNATIONAL STANDARDS:United States - BUSPROG: AnalyticLOCAL STANDARDS:United States - OH - Default City - DISC: Productivity and growthKEYWORDS:Bloom's: ApplicationTrue / False1. When a negative externality exists, the market is said tounderproducethe good connectedwith the negative externality.
POINTS:1DIFFICULTY:ModerateNATIONAL STANDARDS:United States - BUSPROG: Analytic
LOCAL STANDARDS:

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Term
Fall
Professor
FOUDY
Tags
Economics, Market failure, Externality

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