The tendency of many people to procrastinate supports the view that people are consistent over time
a. True
b. False
Indicate whether the statement is true or false
False
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If Isabella buys two goods and the prices of both goods decrease by 50%
A) the budget constraint will be unchanged. B) the slope of the budget constraint will increase. C) the slope of the budget constraint will decrease. D) the budget constraint will shift outward in a parallel fashion.
True, false, or uncertain? Any firm that is not covering fixed costs should shut down in the short run
Indicate whether the statement is true or false
Farm productivity per acre grew most rapidly after
a. the Revolutionary War b. the Civil War c. World War I d. the 1929 stock market crash e. World War II
A substantial reduction in the rate of inflation is called:
A. inflation shock. B. hyperinflation. C. inflation inertia. D. disinflation.