Examlex
What is "crowding out"? Why is it important in discussions of fiscal policy? Use an appropriate diagram to illustrate your answer.
Sunk Cost
Costs that have already been incurred and cannot be recovered, which should not affect future business decisions.
Marginal Cost
The cost incurred by producing one additional unit of a product or service.
Indirect Cost
Expenses not directly tied to the production of goods or services, such as administration, rent, and utilities.
Manufacturing Overhead
This encompasses all the indirect costs associated with the manufacturing process, including utilities, depreciation, and salaries for non-direct labor.
Q57: Many economists maintain that<br>A) the aggregate supply
Q62: If Figure 17-6 (a) illustrates the elimination
Q68: Suppose that the economy is currently at
Q81: Trade between nations usually means that<br>A) one
Q82: Fighting inflation by slowing the growth of
Q108: If you believe that velocity is constant
Q117: How does a central bank influence the
Q153: If investment spending is relatively insensitive to
Q170: In 2009, nominal GDP was $14,050 billion
Q173: Lately, the ratio of debt to GDP