The desire to hold money instead of other assets in anticipation of changes in economic conditions is the ________ motive.
Fill in the blank(s) with the appropriate word(s).
speculative
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Applying the idea of time inconsistency, we can say that, in general, a person's "future-oriented self":
A. has the same objectives as the person's present-oriented self, but articulates them differently. B. is more rational in decision-making, because its choices are generally healthier or more altruistic. C. tends to choose healthier options, whereas the present-oriented self gives into temptation more easily. D. is less rational in decision-making, because that self rarely matches actual behavior.
The working-age population is the total number of people
A) in the labour force, aged 15 years and over, and employed. B) in the labour force. C) in the labour force, aged 15 years and over. D) aged 15 years and over. E) in the labour force who are employed.
A pollution tax:
A. decreases the price of the good taxed. B. increases the price of the good taxed. C. does not affect the quantity demanded of the good taxed. D. does not affect the price of the good taxed.
Suppose Brad Pitt and Angelina Jolie wear matching platinum jewelry in their new movie. After the movie is released, suppose that consumers increase their demand for the jewelry and at the same time manufacturers increase the supply of the jewelry. As a result
A) the equilibrium quantity will increase, and there is an indeterminate change in the equilibrium price. B) the equilibrium quantity and price are both indeterminate. C) the equilibrium quantity will decrease, and the equilibrium price will increase. D) the equilibrium price and quantity will both decrease.