If the money supply grows faster than the rate of growth in GDP
A) prices fall.
B) interest rates fall.
C) prices rise.
D) none of these choices.
C
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There are two grocery stores in the new neighborhood that you have moved into. Because you did not know which store is better, you decided to go to the one that is relatively crowded. Your behavior is an example of ________
A) herding B) anchoring C) signaling D) sniping
A fundamental aspect of economics is to
A) ensure that every firm makes a profit. B) analyze how choices are made. C) satisfy all our wants. D) make sure that our resources will always be unlimited.
Disclosure laws:
A. are an example of how government attempts to solve information asymmetry in markets. B. are an example of how government attempts to screen unethical businesses out of the marketplace. C. are an example of how government forces businesses to signal to consumers if they are credible. D. are a way businesses can build their reputation.
Which of the following countries would find it easiest to achieve rapid growth in per capita GDP?
a. United States b. United Kingdom c. France d. Mexico