An employer's insurance program is set up so that employees have to opt out rather than opt in. This is an example of a(n):
A. encouragement nudge.
B. pricing nudge.
C. information nudge.
D. advantageous default option nudge.
Answer: D
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In the circular flow model, firms sell the services of factors of production to households
Indicate whether the statement is true or false
The U.S. real interest rate rises relative to the British real interest rate. British net exports ________ and the British exchange rate ________
A) increase; rises B) increase; falls C) decrease; rises D) decrease; falls
In the view of the classical school, unemployment
a. is a permanent condition b. disappears when everyone who is willing to work at the equilibrium wage finds employment c. exists because people do not interfere with the competitive process d. is only temporary because all wages and prices are rigid e. is necessary and not really harmful to the economy
Operations of the Trading Desk of the Federal Reserve Bank of New York are typically conducted
A) no more often than once per week. B) within a one-hour period during each day. C) no more often than once per month. D) once a year.