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    Exam 10: Externalities.
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    Writing in the New York Times in August 2009,N
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Writing in the New York Times in August 2009,N

Question 30

Question 30

Multiple Choice

Writing in the New York Times in August 2009,N.Gregory Mankiw asserted that the particular "cap and trade" legislation that was making its way to President Obama's desk at that time would result in


A) reduced purchasing power for Americans.
B) reduced work incentives.
C) depressed economic activity.
D) All of the above are correct.

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