Expansionary fiscal policy is likely to lead a nation's currency to depreciate
Indicate whether the statement is true or false
FALSE
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Which of the following statements is true?
A) Rational economic agents maximize more than just monetary income. B) An individual does not require information to make optimal decisions. C) The principle of optimization is only accurate when it comes to making monetary decisions. D) It is not necessary to consider the risks of a particular alternative while making an optimal decision.
As the percentage of a group required for agreement approaches 100 percent, _____ costs _____
a. decision-making costs; increase b. decision-making costs; decrease c. political costs; increase d. political costs; decrease
The term "economic rent" refers to payments
A) to owners of real estate. B) for the use of any resource above its opportunity cost. C) equal to the opportunity cost of the use of land. D) for the use of housing in company owned properties.
Can a one-time increase in the supply of money cause one-shot inflation?
A) Yes, because it shifts the aggregate demand curve rightward. B) No, because it cannot shift the aggregate demand curve rightward. C) Yes, because it shifts the aggregate demand curve leftward. D) Yes, because it shifts the aggregate supply curve rightward.