According to economic reasoning, you should offer one hour of volunteer service per week when Select one:
a. The total benefits of doing so are less than the total costs.
b. The additional costs of doing so are great than the additional benefits.
c. The additional costs of doing so are the same as the additional benefits.
d. The additional benefits of doing so are greater than the additional costs.
d. The additional benefits of doing so are greater than the additional costs.
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Which of the following would not shift the aggregate demand curve?
A. Income tax rates B. Real interest rates C. Productivity rates D. Foreign-exchange rates
What will happen to the demand for beers such as Natural Light, Coors Light and Bud Light near college towns if students' income increased tremendously?
a. Demand will fall because students love these beers b. Demand will fall because these beers are considered inferior goods c. Demand will rise because these beers are considered inferior goods d. Demand will not change as students are already maximizing their drinking capacity
Monetarists believe that: a. the government should follow a fixed rule to change money supply in response tobusiness cycles
b. the government should not use discretionary monetary policy to achieve its goals ofeconomic growth and low inflation. c. government intervention should be well thought out and should be used only during recessions. d. government intervention in the economy makes business cycles disappear. e. government intervention policies have only long-run effects.
In the long run, an expansionary monetary policy will lead to _____
Fill in the blank(s) with the appropriate word(s).