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EC Ch. 2 Review Practice Test.
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EC Ch. 2 Review Practice Test. the large effect of a government budget deficit on the economy's price level - CORRECT ANSWER macroeconomics a costumer's optimal choice of a flat-screen TV - CORRECT ANSWER microeconomics the effect of government regulation on a monopolist's production decisions - CORRECT ANSWER microeconomics the financial crisis was caused by faulty mathematical models that encouraged excessive risk tasking - CORRECT ANSWER positive the lack of effective regulation contributed to a risk-seeking culture in the financial services industry - CORRECT ANSWER positive
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