Theory is to data as
A) economics is to the price of iPads.
B) economics is to art.
C) economics is to sociology.
D) accounting is to economics.
A
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Which of the following is a stock?
A. Saving B. Income C. Wealth D. Consumption
Adverse selection in insurance markets results in missing markets because people engage in riskier behavior once they are insured.
Answer the following statement true (T) or false (F)
In the aggregate demand-aggregate supply model, an increase in the price level will
a. increase money demand, raise the interest rate, reduce aggregate expenditure, and decrease equilibrium real GDP b. decrease money demand, lower the interest rate, increase aggregate expenditure, and increase real GDP c. increase the money supply, lower the interest rate, increase aggregate expenditure, and increase real GDP d. decrease the money supply, raise the interest rate, reduce aggregate expenditure, and decrease real GDP e. not change money supply, money demand or the interest rate, but will shift the aggregate demand curve to the right
According to the loanable funds framework, if businesses see new opportunities to expand capacity by building new factories, the likely effect will be that:
What will be an ideal response?