Evidence of rational decision making is strongest for those with more of which of the following?
a. wealth
b. education
c. income
d. all of the above
d
Economics
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At all the points above the midpoint on a linear demand curve, the value of price elasticity of demand is:
A) equal to one. B) zero. C) greater than one. D) less than one.
Economics
An increase in total spending in the economy will shift the aggregate demand curve to the left
a. True b. False Indicate whether the statement is true or false
Economics
Fred lost his factory job, replaced by welding robots. He has now given up looking for work. Fred is: a. Not unemployed
b. Frictionally unemployed. c. Structurally unemployed. d. Cyclically unemployed.
Economics
The Great Depression began in
A. the second half of 1929. B. the middle of 1930. C. early 1932. D. March 1933.
Economics