In terms of framing, we respond better to:
A. negative framing.
B. neither; research has shown that framing ultimately doesn't matter.
C. consistent framing.
D. positive framing.
D. positive framing.
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Approximately ____ percent of federal government spending in 2007 was for transfer payments and interest payments
a. 5 b. 10 c. 55 d. 30 e. 75
The simple deposit multiplier equals
A. the ratio of the amount of deposits created by banks to the amount of new reserves B. The formula used to calculate the total increase in checking account deposits from an increase in bank reserves C. The inverse, or reciprocal, of the required reserve ratio D. All of the above
Which of the following is a behavioral implication of bounded rationality?
A. a rule of thumb B. a nervous breakdown C. a rational mistake D. unbounded selfishness
In average cost pricing, the natural monopoly would have to set price equal to
A. average total cost. B. marginal cost. C. average fixed cost. D. average variable cost.