A homeless family is given a government subsidy for an apartment in an affordable housing project. The apartment
A) is not subject to the principle of rival consumption.
B) is not a public good.
C) has widespread benefits and concentrated costs.
D) is subject to the free-rider problem.
Answer: B
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If aggregate demand decreases, the
A) short-run Phillips curve shifts rightward. B) economy moves to a higher inflation rate along its short-run Phillips curve. C) short-run Phillips curve does not shift nor is there a movement along it. D) short-run Phillips curve shifts leftward. E) economy moves to a lower inflation rate along its short-run Phillips curve.
Perfect price discrimination is the same thing as predatory pricing
Indicate whether the statement is true or false
If the money multiplier is 3 and the Fed wants to increase the money supply by $900,000, it could
a. buy $300,000 worth of bonds. b. buy $225,000 worth of bonds. c. sell $300,000 worth of bonds. d. sell $225,000 worth of bonds.
As more satisfaction is expected from the purchase of a product, the flow of dopamine in the brain increases.
Answer the following statement true (T) or false (F)