Question: Indicate whether the following statement is true, false, or uncertain. Provide a brief explanation for you answer. In general, answers should be based on a

Indicate whether the following statement is true, false, or uncertain. Provide a brief explanation for you answer. In general, answers should be based on a model. There are not option questions.

The Diamond Model's equilibrium is Pareto efficient because we assume perfect competition and non-distortionary taxes.

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