The prefrontal cortex uses both gut feelings and cognition in the decision-making process.
Answer the following statement true (T) or false (F)
True
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If the quantity of a product demanded is greater than the quantity of a product supplied, there is pressure in the market to push the price downward
Indicate whether the statement is true or false
The idea that a large national debt is "mortgaging the future of our children and grandchildren" is misleading because:
A. it is the Federal Reserve that will be responsible for making interest payments on the debt. B. future generations will have to bear the opportunity costs of the resources that are used today. C. future generations will not be liable for the interest obligations of the national debt. D. future generations will inherit the interest income as well as the interest obligations.
________ shifts the Fed rule to the right.
A. A decrease in government spending B. A decrease in the price level C. An increase in government spending D. An increase in the Z factors
Refer to the above figures with consumption schedules in figure (A) and saving schedules in figure (B), which correspond to each other across different levels of disposable income. If, in figure (A), line A 2 shifts to A 3 because of the so-called wealth effect, then in figure (B) line:
A. B 2 will shift to B 3
B. B 1 will shift to B 2
C. B 2 will shift to B 1
D. B 3 will shift to B