The degree of wage stickiness in the real world:
A. is controversial, even among economists.
B. is agreed upon by economists as a concept, but controversial in how it's measured.
C. is agreed upon by economists, but not accepted by others, like policymakers.
D. has been estimated by economists.
Answer: A
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A rational consumer will always shift a dollar from a good whose marginal-utility-to-price ratio is lower to one whose marginal-utility-to-price is higher
a. True b. False Indicate whether the statement is true or false
Defenders of advertising argue that it:
a. informs buyers and broadens the market for goods. b. enhances economic efficiency by lowering prices. c. enables small firms to compete more effectively with large ones. d. all of these.
Investment will increase if business taxes ____, real interest rates ____, or if business confidence ____
a. increase, increases, increases b. decrease, decrease, decreases c. increase, increases, decreases d. decrease, decrease, increases
Same level of fiscal and monetary policy can be generated by _________________________________________, but the composition of GDP will be different in each case.
A. more than one mix of fiscal and monetary policy B. only fiscal policy C. monetary policy D. none of these