The oft-heard "I-knew-it-all-along" comment that many people make illustrates the:
A. Confirmation bias
B. Framing effect
C. Hindsight bias
D. Self-serving bias
C. Hindsight bias
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For a country to acquire more physical capital it:
A. must forgo current consumption. B. faces the investment trade-off. C. must pay for the investment by reducing current consumption. D. All of these are true.
In the housing market, rent control causes
A. quantity supplied and quantity demanded to fall. B. quantity supplied to fall and quantity demanded to rise. C. quantity supplied to rise and quantity demanded to fall. D. quantity supplied and quantity demanded to rise.
According to Keynesian analysis, if government expenditures and taxes are increased by the same amount, which of the following will occur?
A) Aggregate supply will decrease B) Aggregate supply will increase C) Aggregate demand will be unaffected D) Aggregate demand will decrease E) Aggregate demand will increase
Explain what is meant by the fundamental value of a share of stock
What will be an ideal response?