Adverse selection is more likely when a job requires intangible or unmeasurable abilities
a. True
b. False
A
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Changes in which of the following will cause changes in the equilibrium federal funds rate?
A) the demand for excess reserves by banks B) the supply of reserves created through past open market operations C) the demand for required reserves by banks D) all of the above
According to the Monetarists, average inflation is higher today than it was a hundred years ago because of
a. the lack of fiscal responsibility. b. the increased use of stabilization policy. c. high interest rates, which increase the cost of borrowing. d. unstable investment demand. e. unstable money demand.
The organization of the context and process in which people make decisions is called:
A. political structure. B. choice architecture. C. ways and means theory. D. choice structure.
The CPI and GDP deflator
What will be an ideal response?