Explain how an increased federal budget deficit resulting from a recession can actually help stabilize an economy.Describe how adjustments in wages and prices take the economy from the short-run equilibrium to the long-run equilibrium.Explain why a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system.

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"