Rational people having preferences for immediate benefits and delayed costs is another way of saying that:
A. money is worth less to us now than in the future.
B. money is worth more to us now than in the future.
C. the value of money does not change over time.
D. rational people have insatiable wants.
B. money is worth more to us now than in the future.
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An increase in supply will occur when
A) the supply curve shifts downward to the right. B) the supply curve shifts upward to the left. C) the demand curve shifts downward to the left. D) the demand curve shifts upward to the right.
With reference to the graph above, if the intended aim of the price ceiling shown was a net increase in the well-being of consumers, then positive analysis would conclude:
A. the policy was effective, since area A + C is larger than B + D.
B. the policy was effective, since area B is smaller than area D.
C. the policy was ineffective, since D is larger than E.
D. the policy was ineffective, since A + C + D is larger than B + E.
Around the world, once-socialist countries have replaced central plans with
a. foreign aid b. budgets c. special interests d. markets e. capital equipment
If the federal funds rate were above the level the Federal Reserve had targeted, the Fed could move the rate back towards its target by
a. buying bonds. This buying would reduce reserves. b. buying bonds. This buying would increase reserves. c. selling bonds. This selling would reduce reserves. d. selling bonds. This selling would increase reserves.