Which of the following elements are commonly emphasized by people who criticize advertisements?
a. increases elasticity; harms competition; manipulates consumer tastes
b. increases elasticity; provides service information; causes demonstration effect
c. provides service information; causes demonstration effect; manipulates consumer tastes
d. harms competition; causes demonstration effect; manipulates consumer tastes
d. harms competition; causes demonstration effect; manipulates consumer tastes
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The present value of $300 received 5 years in the future would be calculated as which of the following when the interest rate is 5%?
A) 300/(1.5)5 B) 5.05/300 C) 300/(1.05)5 D) 300 × 1.5 × 5
According to the Taylor rule, the Fed will set the federal funds rate target based on which of the following?
A) an estimated long-run real interest rate B) the current deviation of the actual inflation rate from the Fed's inflation objective C) the proportionate gap between actual real GDP and a measure of potential real GDP D) all of the above
In the above figure, the firm will shut down if quantity falls below
A) A. B) B. C) C. D) D.
Supply-side economists argue for substantial regulation in the economy, particularly in banking, energy, and transportation
Indicate whether the statement is true or false