Which of the following is not a property of a competitive equilibrium?
A) markets clear.
B) consumers and firms optimize given market prices.
C) the government budget constraint is satisfied.
D) increasing total factor productivity.
Correct Answer:
Verified
Q1: A closed economy is characterized by
A) the
Q2: In a one-period economic model,the government budget
Q4: Making use of an economic model is
Q5: In a general equilibrium model
A) all markets
Q6: An economy that has no interaction with
Q7: The production possibilities frontier in the one-period
Q8: For a competitive equilibrium to occur,all of
Q9: In an economic model,an exogenous variable is
A)
Q10: An economy that engages in international trade
Q11: Which of the following is not a
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